Hudson River Trading
Hudson River Trading operates as a multi-asset class, quantitative trading firm.
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Hudson River Trading Signs Multi-Billion-Dollar AI Cloud Computing Agreement with CoreWeave
According to Bloomberg, Hudson River Trading has signed a multi-year agreement with CoreWeave Inc. to leverage the latter's AI computing services to build new trading research and models. CoreWeave Chief Revenue Officer Jon Jones stated that the agreement represents a "major expansion" of their existing partnership, but did not disclose specific financial details.
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Hudson River Trading Q2 trading revenue hits record $11.4 billion
Odaily News Quantitative trading firm Hudson River Trading (HRT) recorded record trading revenue of $11.4 billion in the second quarter, up more than threefold year-over-year; net profit for the same period reached $7.4 billion, with adjusted EBITDA of approximately $8 billion, a more than 350% increase from $1.75 billion in the same period last year.Additionally, HRT remained profitable during the July AI stock sell-off and held no direct exposure to Situational Awareness. During the same period, Jane Street posted a $15 billion loss in July, impacted by factors including investments in Situational Awareness, marking its first monthly loss in a decade. (Bloomberg)
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