In this blog post, I am going to share the best HFT firms that are currently operating in India. Although there are a number of HFT firms in India, this list only contains those HFT firms which are the most profitable, highest paying, and that comes to the top IITs to hire the best students in the country.
A little background about me, I am a graduate in Computer Science and Engineering from IIT Bombay. I am currently working as a Quant Trader in one of the best HFTs in India. I have good knowledge about various HFTs and which of them are best in the country.
TOP HFTs IN INDIA
- Tower Research Capital – 57 Lakhs per annum
- Graviton Research LLC – 1.2 Cr per annum
- Quadeye – 1.2 Cr per annum
- NK Securities Research – 1.68 Cr per annum
- AlphaGrep Securities – 1.03 Cr per annum
- APT Portfolio – 64 Lakhs per annum
- Millenium Management – 62 Lakhs per annum
- Edge Focus Partners – 1.00 Cr per annum
- DE Shaw
- Black Stone
- Mathysis – 36 Lakhs
Many of these firms have their salaries in the range 1 Cr + per annum and that too in India. This has disrupted the entire trend of software firms hiring top candidates from IITs. Software firms now can’t even compete in terms of CTC/Salary to these HFTs.
(I would suggest to please continue reading this post and open the above links in a new tab so you don’t forget to check it out later)
There are many more but they don’t come among the list of top HFTs and hence I won’t be listing them down. I would like to briefly share some reviews about these firms. These reviews and descriptions will be based on their image among the top graduates in the country.
Tower Research Capital
Tower Research Capital is the top HFT firm in the country. They have been actively recruiting top graduates from top IITs in the country. Their pay is good for both jobs and for internships.
Salary of Tower Research Capital: 57 Lakhs
Although from the last couple of years, Tower Research has been hiring only externally and not coming to the IITs for placement. On top of it, other HFT firms have overtaken Tower Research in terms of the salary they provide. This change happened in the year 2021 when the CTCs of HFTs reached another level.
Their office is based out of Gurgaon, India. I have written a post explaining the salary of a quant trader in Tower Research Capital. Please check it out.
Graviton Research LLC
Graviton Research is one of the fastest-growing HFTs in India. And they proved this in the placement seasons of the IITs where they went into a bidding war with Quadeye Securities in terms of providing higher CTC to hire top candidates in the college.
Salary / CTC of Graviton Research in 2021: 1.2 Cr INR
The breakup of Salary / CTC: https://livingtheiitdream.com/graviton-research-llc-salary-ctc-2021/
They have their office in Gurgaon, India. Their pay is among the best in the country. The quality of work and their pay is good for both internships and job. They generated a profit of around 1500 Cr in the financial year 2020-21.
Salary / CTC of Graviton Research in 2020: 47 Lakhs
Check out my post explaining the salary and perks in Graviton Research in 2020.
Quadeye is one of the top competitors of Graviton Research LLC. They are in close competition with Graviton Research and provide almost the same salary / CTC.
Salary / CTC of Quadeye in 2021: 1.2 Cr INR
The breakup of Salary / CTC: https://livingtheiitdream.com/quadeye-salary-ctc-2021/
They have their office in Gurgaon, India.
CTC of AlphaGrep Securities in the year 2021 is 1.03 Cr INR (1,03,00,000 INR). I have written a detailed post explaining the salary breakup and other perks.
The breakup of Salary / CTC: https://livingtheiitdream.com/alphagrep-securities-ctc-2021/
NK Securities is one of those firms which have started coming to IITs for placement from this year. This happened because most of the HFTs recognized the opportunity that is available in the markets of India and how cheap the labor is in India.
Salary / CTC of NK Securities in 2021: 1.68 Cr INR
The breakup of Salary / CTC: https://livingtheiitdream.com/n-k-securities-research-salary-ctc-2021/
APT Portfolio is one of the fastest-growing HFTs in India. Till last year, it was comparable to Graviton Research LLC but Graviton Research just destroyed their competition in the year 2021. Its growth has been exponential in the last few years. They have been consistent in hiring for internships and jobs in the top IITs in the last few years. Although in 2021 they didn’t hire anyone from the top IIT, IIT Bombay.
They have two offices in India and one office in London, UK.
They also hiked their salary in the year 2021 in response to other HFTs paying amounts greater than 1 Cr in India. Although the increase of APT Portfolio’s salary wasn’t much.
Salary / CTC of APT Portfolio in 2021: 64 Lakhs
The breakup of Salary / CTC: https://livingtheiitdream.com/apt-portfolio-salary-ctc-2021/
Salary / CTC of APT Portfolio in 2020: 42 Lakhs
In 2020, their CTC/ salary was close to but lower than Graviton Research Capital. Check out my post explaining the salary / CTC at APT Portfolio in 2020.
Millennium Management, like NK Securities and Edge Focus Partners, are new to IITs for hiring. Nevertheless, the salary they are paying is at par with the salaries of the top-notch HFT firms in India.
Salary / CTC of Millennium Management in 2021: 62 Lakhs
The breakup of Salary / CTC: https://livingtheiitdream.com/millennium-management-ctc-2021/
Edge Focus Partners
Edge Focus Partners have started to hire IITians from the year 2021. They are paying really high given the fact that it is for the first time they have come for placements in the IITs.
Salary / CTC of Edge Focus Partners in 2021: 1 Cr per annum
The breakup of Salary / CTC: https://livingtheiitdream.com/edge-focus-partners-ctc-2021/
Mathisys is one of the new HFTs that have recently started growing and scaling their operations. Its pay and salary are lower than the companies mentioned above. But I am writing about this company because the readers who want to enter the world of high-frequency trading but can’t join the top firms can start here.
The salary is decent if not that high. I have a post explaining the salary of Mathisys.
Comparison to software firms
In comparison to the giant software firms like Google, Microsoft, Adobe, etc, I would say that the salaries have a start difference between the salaries.
Salary of Google India: 31 Lakhs per annum. More info – https://livingtheiitdream.com/salary-ctc-in-google-india/
Salary of Microsoft India: 26 Lakhs per annum. More info – https://livingtheiitdream.com/salary-ctc-in-microsoft-india/
Salary of Adobe India: 24 Lakhs per annum. More info – https://livingtheiitdream.com/salary-ctc-in-adobe-india/
Guys I have kept this blog short and to the point. These are the firms that actively hire from the top IITs and are based out of India. I have a separate blog post for each of these firms where I have given a detailed description of the salary these firms provide.
To know more about how to get a job in these firms: https://livingtheiitdream.com/how-to-get-a-job-in-a-high-frequency-trading-firm-hft/