|Matthew Andresen, Jason Lehman and Neil Fitzpatrick, three former traders at Chicago hedge fund Citadel Investment Group, have joined forces once more to run Headlands Technologies, their own computer-driven trading firm.
According to the Wall Street Journal, Headlands Technologies will use a quantitative-trading operation, and while its focus has not been finalized, the trading firm may eventually trade in stocks, options and futures markets
While at Citadel, Mr. Andresen, Mr. Lehman and Mr. Fitzpatrick ran Citadel Execution Services, the successful stock- and options-trading division that performed well during the credit crisis in 2008. All three left the firm in the year between early 2008 and early 2009. Now partners, Mr. Andresen and Mr. Fitzpatrick will work from Chicago and Mr. Lehman from San Francisco. Headlands Technologies currently has no official date to begin trading.