5/20/2023 0 Comments Hudson river trading![]() Moody's believes these factors leave HRT more susceptible to trading losses, adverse repercussions from unforeseen events and with an increased need for evolving its risk management practices to mitigate these risks.Moody's said a wider diversification of trading products across multiple geographies can increase a firm's complexity, raising challenges for management and heighten risk. Moody's said HRT's evolving trading strategies and related expansion into certain regions and markets outside of its core historical areas of focus, and which generally have a weaker market structure relative to its historical operations, have increased the risks to which it is exposed. Issuer Rating, Downgraded to Ba3 from Ba2.Senior Secured 1st Lien Bank Credit Facility, Downgraded to Ba3 from Ba2Outlook Actions.Issuer: Hudson River Trading LLC.Outlook, Changed To Negative From StableRATINGS RATIONALEMoody's said HRT's downgrade reflects evidence from the firm's recent risk appetite, and related considerations pertaining to risk management, not commensurate with its previous rating level. Corporate Family Rating, Downgraded to Ba2 from Ba1. Moody's also changed HRT's outlook to negative from : Hudson River Trading LLC. This philosophy influences every aspect of our research.Rating Action: Moody's downgrades Hudson River Trading (Ba2 CFR) and changes outlook to negative from stableGlobal Credit Research - New York, Aug- Moody's Investors Service (Moody's) has downgraded Hudson River Trading LLC's (HRT) Corporate Family Rating (CFR) to Ba2 from Ba1, and downgraded its issuer rating and senior secured first lien term loan rating to Ba3 from Ba2. We are conscientious market participants advocating for fair and transparent markets for everyone. Our internal code of ethics far exceeds the expectations of the regulatory environment in which we operate. We trade on nearly all of the world’s electronic markets, and are a leading voice for fair and open markets. We are critical thinkers and eager automators, chasing new solutions to any problem we encounter. Today HRT employs over 600 brilliant minds from a variety of disciplines-from highly technical to mathematical to the liberal arts. Very quickly, their algorithms saw success in the markets and HRT grew from their origins in US equities to a global, multi-asset class trading firm. Armed with programming skills and sharp quantitative minds, the founders hypothesized that by applying a fresh take to trading stocks, one that truly leverages the power of technology, they could meaningfully impact a world still dominated by manual operators. HRT’s founding partners graduated from Harvard and MIT with degrees in computer science and mathematics, and founded HRT in 2002. We have built one of the world's most sophisticated computing environments, and our researchers are at the forefront of innovation in the world of algorithmic trading. We research and develop automated trading algorithms using advanced mathematical techniques. At Hudson River Trading (HRT) we are mathematicians, computer scientists, statisticians, physicists and engineers.
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