The Hong Kong prop trading firm that quietly grew last year

Posted by PSR_AXP 14 mths ago
by Alex McMurray
Proprietary trading firms often operate under the radar compared to better known buy-side firms and market making rivals. In Hong Kong, one such firm spent much of 2022 growing and brought in staff from a number of hedge funds, among others.
XY Capital, founded in 2018, brought in several technologists across its Hong Kong and London offices. In London, its most notable acquisition was Man AHL's co-head of volatility, Drake Siard, who became their head of quantitative research in April last year.
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