Spot Trading LLC

Spot Trading LLC is a company based in Chicago, Illinois. Founded in 1999, the firm initially operated as one of the first entirely off-floor proprietary trading companies. Spot Trading grew significantly, expanding from its initial team of 4 employees to a workforce of over 150, driven by its innovative approach to trading and technological advancements. Spot Trading specialized in pricing and trading listed equity options, leveraging a combination of quantitative and qualitative analysis, proprietary trading tools, and trader expertise. Their operations involved the monitoring of over one million individual securities in real time, with daily trading volumes exceeding 100,000 equity option contracts and several million shares of stock. The company's success was rooted in its ability to adapt to the evolving capital markets landscape. Spot Trading became proficient in utilizing high-performance computing, low latency data feeds and networks, automated trade execution, and the development of AI-enhanced algorithmic trading strategies to address the “big data” challenges inherent in the equity options market. Spot Trading LLC was a member of several prominent options and equity exchanges, including the CBOE, NYSE/ARCA, NYSE/AMEX, ISE, Gemini, BATS, BOX PHLX, Direct EDGE, and the Chicago Mercantile Exchange (CME).