Key Takeaways
- • Chicago-based Hehmeyer Trading + Investments unveiled its new brand, Hehmeyer, consolidating all business segments solely into algorithmic trading and market making in cryptocurrencies, per a Business Wire release dated June 24, 2020.
- • The firm is discontinuing its prior divisions, which included a proprietary trading group, commodity pool operator, commodity trading advisor, and introducing broker, and is allocating nearly all of its resources to digital assets.
- • CEO and founder Chris Hehmeyer said the firm concluded it needed to devote its full attention to the digital asset business, citing sustained growth in the market and in its role as a liquidity provider.
- • Hehmeyer describes itself as an established global liquidity provider in digital asset markets that streams prices electronically and operates on request-for-quote platforms and OTC markets.
Summary
Hehmeyer Trading + Investments, a Chicago-based trading firm, has rebranded as Hehmeyer, according to a company announcement distributed by Business Wire. The change coincides with the consolidation of the firm's business segments into a single focus on algorithmic trading and market making in cryptocurrencies.
Previously, the firm operated several business divisions, including a proprietary trading group, a commodity pool operator, a commodity trading advisor, and an introducing broker. Under the new branding, the firm states it is allocating nearly all of its resources to the digital asset space. The company describes itself as an established and respected global liquidity provider in digital asset markets.
Chris Hehmeyer, CEO and founder, said the firm had long been interested in cryptocurrencies. He cited sustained growth in the overall market and in the firm's role as a liquidity provider as reasons the digital asset division could no longer be one of several focuses. He also referenced recent concerns in the financial industry following the COVID-19 crisis as reinforcing that decision.
The company said the market making segment of the digital asset industry has continued to grow, with rising average daily trading volume and an increasing share of peer-to-peer transactions. Hehmeyer said it transacts directly with counterparties, which it argues reduces risk, improves price discovery, and lowers costs.
Chris Hehmeyer's career spans more than 40 years, including board and chairman roles at the National Futures Association, the Futures Industry Association, the Board of Trade Clearing Corporation, and the Chicago Board of Trade. He was elected to the Futures Industry Association Hall of Fame in 2019.
Hehmeyer, LLC describes itself as a global market maker in digital assets that accommodates OTC markets through FIX API, REST API, GUI, and other mediums.
Previously, the firm operated several business divisions, including a proprietary trading group, a commodity pool operator, a commodity trading advisor, and an introducing broker. Under the new branding, the firm states it is allocating nearly all of its resources to the digital asset space. The company describes itself as an established and respected global liquidity provider in digital asset markets.
Chris Hehmeyer, CEO and founder, said the firm had long been interested in cryptocurrencies. He cited sustained growth in the overall market and in the firm's role as a liquidity provider as reasons the digital asset division could no longer be one of several focuses. He also referenced recent concerns in the financial industry following the COVID-19 crisis as reinforcing that decision.
The company said the market making segment of the digital asset industry has continued to grow, with rising average daily trading volume and an increasing share of peer-to-peer transactions. Hehmeyer said it transacts directly with counterparties, which it argues reduces risk, improves price discovery, and lowers costs.
Chris Hehmeyer's career spans more than 40 years, including board and chairman roles at the National Futures Association, the Futures Industry Association, the Board of Trade Clearing Corporation, and the Chicago Board of Trade. He was elected to the Futures Industry Association Hall of Fame in 2019.
Hehmeyer, LLC describes itself as a global market maker in digital assets that accommodates OTC markets through FIX API, REST API, GUI, and other mediums.
Go deeper than the headline
Research every firm in this story, track the ones that matter and get the daily briefing — free for 7 days.