Hedge Fund Athletes: Citadel Securities Loses Compliance Head Shay Deverell to Hudson River Trading
Hedge fund Citadel is well-known for its recruitment of athletes in niche sports, while its sister firm, electronic market maker Citadel Securities, has been known to employ athletes in more traditional roles. However, one notable figure has recently departed from Citadel Securities.
Shay Deverell’s Move to Hudson River Trading
Shay Deverell recently joined Hudson River Trading in New York as the head of its algorithmic trading compliance team in the Americas. She made the move from Citadel Securities, where she spent a decade working in both Chicago and New York, including a one-year non-compete period.
Deverell is not only a successful lawyer, but also an accomplished runner. In 2023, she participated in a marathon and ran a half-marathon in an impressive time of 1 hour and 33 minutes, placing her 161st out of 4,831 total runners and 21st out of 2,486. Her consistent pace of 7:09 per mile throughout the race showcases her dedication and skill.
Importance of Compliance in Electronic Trading
Compliance activities have never been more crucial for electronic trading firms. With Jane Street currently embroiled in a lawsuit regarding the $40 billion Terra collapse, and Citadel Securities recently facing legal challenges over options exchange speed, the need for strong compliance measures is evident.
Deverell’s departure from Citadel Securities comes at a time of heightened regulatory scrutiny in the financial industry, highlighting the critical role that compliance professionals play in maintaining legal and ethical standards within trading operations.
For more information on Shay Deverell’s career move and the evolving landscape of compliance in electronic trading, you can visit the source link here.
