Hilbert Group Acquires Enigma Nordic for $32M
Update: 2025-12-22
Description
Hilbert Group, a Swedish algorithmic trading firm, acquires Enigma Nordic, a high-frequency trading platform, for $32M. Enigmas proprietary system handles $5.4B in trading volume, boasting a Sharpe ratio above 3.0. The deal includes $7.5M upfront and up to $17.5M in earn-outs, tied to performance. Hilbert plans to integrate Enigmas tech and team into their hedge funds and trading desk, expanding their systematic crypto trading offerings.
DNN | The Daily News Now!
The world’s first global local news network.
Every city. Every story. AI powered.
Hosted on Acast. See acast.com/privacy for more information.
Comments
In Channel
Download from Google Play
Download from App Store
United States00:00
00:00
1.0x
