We trade for our own account in major markets across the globe. No outside investors. No third party funds. So we can be innovative and nimble, while using our market experience to prudently manage risk. We have the team and infrastructure in place to drive business forward without the inefficiencies that hold back other organizations. Not many places do things like we do, and we like it that way.
DRW is a technology-driven principal trading firm. Our trading is diverse, and it’s this diversification that sets us apart. We trade across many asset classes and instruments, using a variety of different models. We combine the disciplines of risk management, research and technology to create optimal trading and investment strategies within the regulatory framework.
DRW was founded by Don Wilson, who got his start trading on the floor of the Chicago Mercantile Exchange in the late 1980s. Every trader on the floor had a three letter acronym for identification—Don chose his initials, DRW, and the name stuck. Over the past 25 years, DRW has expanded globally while staying true to what has always set us apart…our ability to identify and capture opportunities by leveraging technology, research and risk management.
We characterize our trading activity as following three general approaches —
Liquidity providing: making markets, buying and selling products to provide liquidity for market participants, with execution on a trading floor, over the phone and electronically.
Risk taking: doing our homework, formulating a view and putting on a position. Some positions are held for a few days, some for a few months or even years.
Latency sensitive trading: combining research and risk management with superior technology and execution on our own extensive global radio frequency (RF) network
Trading in any asset class might include just one of these or may bring together all three; it all depends on what we see as the right strategy. Our knowledge of the markets, pricing and modeling skills, robust risk management, and application of technology work together to create liquidity, improve market efficiency and capture opportunities.
Our approach to technology is ambitious, yet pragmatic. Our teams are empowered to solve challenging business problems, collaborating with equally motivated traders and researchers to engineer the right solutions for the job. The result? Inventive, performance-driven systems and networks deployed across the globe.
Our Affiliated Companies
As the markets have evolved over the past 25 years, so too has DRW. Our continued focus on identifying and capturing opportunities has led to new strategies, new businesses and new partnerships. Learn more about other DRW companies:
Convexity Properties is a fully integrated real estate investment firm. We focus on giving properties a new purpose, and in 2009, saw an opportunity in the real estate market to buy properties at competitive prices. Since then we’ve partnered with the community in addition to development and architecture firms to build upon unique retail, residential, commercial and mixed use properties to meet our sky-high standards.
After exploring the application of blockchain technology in the financial markets and trading bitcoin in the early days, Cumberland was launched as the cryptoasset arm of DRW in 2014. Today, Cumberland is a global leader in cryptoassets specializing in two-sided, institutional-sized liquidity. We offer 24⁄7 access to a wide array of cryptoassets while helping the ecosystem grow in a responsible, sustainable way.
As the firm diversified into real estate and cryptoassets, we naturally progressed to invest in ventures seeking to innovate in the financial markets. DRW Venture Capital invests in private companies with a focus on financial and enterprise technology. Our portfolio companies often benefit from our partnership beyond just capital – as a client, liquidity provider, through our review of new products and our deep industry expertise.