High-frequency firm AienTech shuts up shop

Closed sign in a shop showroom with reflections

New York-based, high-frequency trading (HFT) firm AienTech is closing down after almost three years in operation, its chief executive and founder Ugur Arslan has confirmed. Details surrounding the closure are not yet known.

Launched in January 2011 with a staff of 12, the technology-focused, multi-strategy and multi-market hedge fund uses artificial intelligence and quantitative models to extract alpha from financial markets. However, Arslan insists his firm is different to other HFT firms

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