Tower Research

The principal activity of Tower Research Capital is quantitative trading. The company develops and operates automated trading strategies across numerous financial markets and for various types of assets. It primarily offers algorithmic trading services, high-performance financial systems engineering, market liquidity provision, as well as venture capital activities (ventures) related to financial innovation. Tower Research Capital serves global financial markets, operating across all asset classes and time horizons, and primarily targets institutional investors, exchanges, and other major players in the financial sector.

Tower Research Capital is a quantitative trading firm founded over 25 years ago. Since its inception, the company has established itself as a major player in algorithmic trading and liquidity provision on global financial markets.

Key milestones in its development:

• Founding: Tower Research Capital was founded in the late 1990s, with the mission of leveraging technology and advanced mathematics to innovate in financial trading.
• Technological development: The company has invested heavily in building a high-performance technology platform, integrating market access, data management, research, computing infrastructure, risk management, and compliance.
• Organization into independent teams: Tower operates as a “team of teams,” made up of dozens of trading and research groups that develop their own strategies autonomously while benefiting from the economies of scale offered by the global structure.
• International expansion: Tower has opened offices in several major global financial centers, strengthening its presence in international markets.
• Continuous innovation: The company continuously invests in machine learning, low-latency programming, and electronic trading infrastructure, enabling its engineers and researchers to design world-class trading systems.
• Culture of excellence: Tower emphasizes a culture focused on performance, innovation, and supporting its employees, thus fostering the emergence of new ideas and collective success.
• Philanthropic commitment: The company is also involved in philanthropic initiatives, notably in medical research and support for various social causes.

Today, Tower Research Capital is recognized for its ability to innovate and adapt to new market opportunities, while providing a stimulating environment for its trading, engineering, and research teams.

Founder:
Mark Gorton is the founder of Tower Research Capital. He created the company in 1998 and became its Chairman in 2019. Mark Gorton is also known for having launched other successful companies such as LimeWire and OpenPlans. Before Tower, he worked as a proprietary trader in fixed income products at Credit Suisse First Boston and began his career as an engineer at Martin Marietta. He holds degrees from Yale (BS in Electrical Engineering), Stanford (MS in Electrical Engineering), and Harvard (MBA).

Key members of the management team:
- Mark Gorton: Chairman and founder.
- Albert An: Chief Executive Officer (CEO). He joined Tower in 2016 as Head of Trading Supervision, then CTO, before becoming CEO in 2019. Before Tower, he held leadership positions in electronic trading at UBS, Credit Suisse, and Merrill Lynch, and began his career at Wolverine Trading. He holds degrees from the University of Chicago (BA in Economics) and the University of London (MSc in Trading and Mathematical Finance).

For more information, see the official Tower Research Capital website.