Millennium quietly hired the CTO of a major HFT firm to work on nanosecond latency architecture
alex.mcmurray@efinancialcareers.com (Alex McMurray)
We've noted in the past that 'high-frequency trading' (HFT) firms are branching out and doing much more than just their namesake. They've been building out teams with hedge fund talent, but the flow of talent isn't one way. Hedge fund Millennium, for example, quietly brought in the chief technology officer of one of the world's largest HFTs earlier this year.
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Alexandre Fournier joined Millennium in February. It's not clear what exactly his title is