A new electronic market maker has entered the market, with STG Group launching broker-dealer business STG Securities.
The business will provide liquidity on-exchange while STG Group – an affiliate of quant investment management firm Squarepoint – will supply risk-bearing capital and quantitative methodologies.
Kirill Gelman will lead the division, STG Securities CEO, will lead the business.
STG Group provides multi-asset systematic and quantitative trading strategies. It was established by principals from Squarepoint in 2022, and acquired former Barclays and GTS US options group Automated Volatility Trading in 2024.
Eric Levine is head of trading at the firm.
