Hudson River Trading Q2 trading revenue hits record $11.4 billion

Odaily News Quantitative trading firm Hudson River Trading (HRT) recorded record trading revenue of $11.4 billion in the second quarter, up more than threefold year-over-year; net profit for the same period reached $7.4 billion, with adjusted EBITDA of approximately $8 billion, a more than 350% increase from $1.75 billion in the same period last year.

Additionally, HRT remained profitable during the July AI stock sell-off and held no direct exposure to Situational Awareness. During the same period, Jane Street posted a $15 billion loss in July, impacted by factors including investments in Situational Awareness, marking its first monthly loss in a decade. (Bloomberg)