HFT firm Flow Traders brought in a new equities chief, courtesy of DRW
The world’s electronic trading firms might seem similar on the outside, but they have some very different specialities. Despite that, or maybe because of it, they love hiring from each other.
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Lawrence Hume joined Dutch HFT firm Flow Traders this week as global head of its cash equities & tokenized trading team, based in London. He joined the firm from Chicago-based rival DRW, where he spent four years, and where he was head of European equity volatility trading.
Hume spent years bouncing around London’s banks before switching to market makers. He moved from Merrill Lynch to Goldman Sachs after just two years at the former, and nine months at the latter before quitting for Morgan Stanley, where he ended up staying for more than six years.
Flow Traders hasn’t released its Q4/FY results for 2025 yet, but it had a pretty bad Q3. “Variable employee expenses”, a proxy for bonuses, halved in Q3 of 2025 compared to the same period in 2024. They were still up for the year including the first two quarters, but it’s a bad sign.
DRW, meanwhile, is adding people with a prodigious appetite. Just in the last few months, it’s added BNP equities MD Deepak Sran, crowd-sourced hedge fund Numerai’s CTO James Elford, and Jane Street’s tax UK expert Christopher Read.
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