Founded in 2009
Who We Are
We are a team of innovative and ambitious individuals who use the power of free markets to solve challenging problems, capture opportunities, and pursue positive change.
We work at the intersection of trading and technology.
In 1992, our founder saw an opportunity and founded a new type of trading firm – one that applies modeling, technology and quantitative research to identify opportunities in the global financial markets.
Almost 30 years later, the combination of these three areas has made DRW one of the leaders in global markets and has created significant runway for the growth of our firm. We still trade for our own account and the absence of outside investors enables us to be innovative and nimble in capturing opportunities.
Actively trading a diverse set of asset classes
Today we are active on exchanges on five continents, and we trade a wide variety of products and asset classes, including fixed income, ETFs, cash instruments, options, futures, equities, FX and a wide variety of commodities, including things like energy, soft commodities and agricultural commodities. In each of those asset classes we are a significant source of liquidity, and we take very seriously our role in ensuring vibrant two-way markets that are efficient, fair and transparent.
We also leverage our expertise and technology in three non-traditional strategies:
After making our first bitcoin trade in 2010, Cumberland DRW was officially launched in 2014 to become the counterparty of choice for institutional investors.
DRW Venture Capital launched in 2011 and enables us to use our deep expertise in fintech and enterprise tech to invest in companies like BitGo, ErisX, and TradingView.
Convexity Properties launched in 2008. Convexity invests in properties and projects where our flexibility, insights and expertise can create significant value.
A dedicated and resourceful team supports our operations across multiple time zones and a wide variety of exchanges and markets.
One of the drivers of this growth and our ongoing innovation has been the belief that each of our 1,300 employees must be empowered to pursue new opportunities, develop new technologies and challenge the consensus of how we’ve always done things. This has enabled DRW to build state-of-the-art technology, create thoughtful market analysis, and implement proven risk management strategies.
Sophisticated analysis and flexibility for evolving markets.
DRW is not just a liquidity provider, a risk taker or a latency-sensitive trading firm. We are all of those things. In some markets, we’re all of them at once, and in others, we deploy one focused strategy.
As markets evolve and become more efficient, DRW strives to stay at the forefront.
Without question, we deploy sophisticated, cutting-edge technologies to make markets more efficient, transparent and fair. This is possible because we have some of the sharpest engineers, technologists, traders and professionals in the world. We simply give them the tools and flexibility they need to be successful.
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Areas of Interest
- Risk Profile
- Property Type
- Deal Type