HFT Firm Seeks Seed Capital For Hedge Fund Launch

Maven Securities, a London-based high frequency trading firm, is looking to “spin out a number of strategies into a hedge fund given the right seed investor,” according to a report in Financial News. While many HFT firms keep their profits a closely guarded secret, Maven reported a pre-tax profit of  £7.8 million in its first year of operation, according to the report.  Maven primarily trades in European stock and derivatives markets. Market maker or HFT firm? Maven walks a fine line, as they categorize themselves as both a market maker and an HFT firm.  Traditionally market making has been defined…