A systematic-trading startup founded by three alumni from Google DeepMind is bringing its algorithms to Tower Research Capital — including a little AI poker-playing prowess.
EquiLibre Technologies agreed a deal late last year to contribute exclusively to the New York proprietary trading firm, Tower’s Chief Investment Officer John Cogman said in an interview.
That makes the Prague-based firm one of numerous quants working with Tower, a high-frequency market maker that sources trading signals from different independent teams. But EquiLibre stands out thanks to its founders’ pedigree.
All three have doctorates, worked at IBM and collaborated on a system at Alphabet Inc.’s AI subsidiary DeepMind designed to play a wide range of games. Two of the trio co-authored one of the first algos to beat humans in poker, and none had ever worked in finance before starting EquiLibre.