Google Cloud and Hudson River Trading team up: A game-changer in high-speed trading

In a significant development in the financial technology sector, Google Cloud has announced a strategic partnership with Hudson River Trading (HRT), a leading quantitative trading firm. This collaboration is set to accelerate the development of HRT’s automated trading models by providing access to Google Cloud’s high-performance computing infrastructure, including advanced NVIDIA GPUs.

Hudson River Trading specializes in utilizing complex algorithms and models to process vast quantities of financial data, executing trades with unmatched speed and precision. Traditionally constrained by on-premise computing resources, HRT’s quantitative researchers will now harness the scalable infrastructure of Google Cloud. This shift enables them to test and refine new trading strategies more swiftly and cost-effectively, enhancing their market responsiveness.

Gerard Bernabeu Altayo, Compute Lead at Hudson River Trading, highlights the synergy: “HRT’s collaboration with Google Cloud’s scalable and reliable infrastructure is a perfect fit for our compute-intensive workloads. Google Cloud provides an efficient, flexible platform to rapidly iterate on ideas, with tooling and vast resources to enable a fast path from inception to scale-out production.”

Adding to the technological prowess, Google Cloud’s Dynamic Workload Scheduler and Spot Virtual Machines are pivotal in optimizing resource allocation. These tools ensure that AI chips like GPUs are used efficiently, matching real-time demand and reducing operational costs with Spot Preemptible options, which utilize unused capacities at lower prices.

Rohit Bhat, Managing Director of Capital Markets, Hedge Funds, and Digital Assets at Google Cloud, expresses confidence in this partnership: “Google Cloud is proud to partner with Hudson River Trading on their journey to redefine the frontiers of quantitative trading. By providing our industry-leading computing and AI infrastructure, we are joining HRT in pushing the boundaries of what is possible in automated trading with speed, scale, and efficiency at the core.”

This collaboration not only signifies a technological leap in automated trading but also marks a pivotal moment for the broader financial market landscape. By leveraging powerful AI technologies and high-performance computing, Google Cloud and Hudson River Trading are setting new benchmarks for efficiency and innovation in the world of finance.