Optiver hired a quant trader from Millennium's central execution book
Optiver, the high frequency trading firm that's based in Amsterdam has made a hire from hedge fund Millennium.
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Lloyd Satchwell, a London-based trader who was a quant trader on Millennium's central execution book, has joined Optiver to run the central risk book according to his LinkedIn profile.
Satchwell didn't respond to an overture that may have resulted in a comment.
Satchwell described himself as working on the central execution book at Millennium. Speaking last year, Giuseppe Paleologo, the head of quantitative research at Balyasny Asset Management (BAM), said the purpose of a central liquidity book at a multistrategy hedge fund is to allocate risk to individual portfolio managers and strategies at appropriate moments. Quant researchers often occupy such roles: last year, Thomas Yang, a former quant researcher at Citadel turned head of the central liquidity book at BAM left for North Rock Capital Management.
Last April, Millennium appointed Mark Holder as its global head of central liquidity strategies. Holder was a former CTO at Citadel in Chicago.
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