Quant Trading Firm IMC Plans to Double Staff in Hong Kong
Quant trading firm IMC Trading plans to roughly double its headcount in Hong Kong over the next two years.
The Amsterdam-based quant trading firm joins a growing list of international financial institutions expanding in Asia's key financial hub. Hong Kong has maintained its position as a gateway to China's markets despite increasing competition from other regional centers.
The expansion comes as global trading firms continue to invest in technological capabilities and talent across Asia. Quant trading, which uses complex algorithms and mathematical models to execute trades, has grown increasingly competitive in recent years.
The planned doubling of staff would make it one of the larger quant trading operations in the city's financial district.
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