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The 2016 Trading Technology 40: Paul Hamill

< The 2016 Trading Technology 40 20 Paul Hamill Global Head of Fixed Income, Currencies and Commodities Citadel Securities PNR

As regulatory reforms rein in banks’ risk taking, Citadel Securities is moving aggressively to fill the breach. Paul Hamill, who joined the institutional trading arm of Chicago-based hedge fund firm Citadel in January 2015, is building a market-making business that includes interest rate swaps, government and corporate bonds and credit default swaps. “We’ve been able to identify opportunities for the business to grow and develop in the face of ongoing structural changes in the market,” says Hamill, who was global head of forex, rates and credit execution services at UBS before joining Citadel Securities as global head of fixed income, currencies and commodities (FICC). “We’ve been able to look at market changes as an opportunity rather than take a ‘sky is falling’ approach,” the 40-year-old adds. “It’s been eye-opening to realize how much appetite there is among the client base to do things differently and to find new ways to get better liquidity.” Citadel is the first-ever nonbank liquidity provider for interest rate swaps and, according to Bloomberg, is the No. 1 provider of dollar swap liquidity — a “huge feat,” Hamill says. Citadel provides fully executable prices for swaps and U.S. Treasuries; Hamill is looking ahead to rolling out swaps in the major currencies in Europe and credit indexes in the U.S. and Europe. With an MA in political science from the University of Glasgow and a master’s of science in finance from the University of London, Hamill held FICC positions at UBS from 2000 to ’08 and 2008 to ’10, with a stint at Barclays Capital in between.

 

  2016 Trading Technology 40 Click below to view profiles
1. Raymond Tierney III Bloomberg2. Richard Prager BlackRock3. Chris Isaacson BATS Global Markets4. Jonathan Ross KCG Holdings5. Bradley Peterson Nasdaq
6. Brad Levy Markit7. Dan Keegan Citi8. Ronald DePoalo Fidelity Institutional9. Raj Mahajan Goldman Sachs Group10. Ari Studnitzer CME Group
11. Mayur Kapani Intercontinental Exchange12. Gerald O’Connell CBOE Holdings13. Nicholas Themelis MarketAxess Holdings14. Gil Mandelzis EBS BrokerTec (ICAP)15. Bill Chow and Richard Leung Hong Kong Exchanges and Clearing
16. Rob Park IEX Group17. Philip Weisberg Thomson Reuters18. John Mackay (Mack) Gill MillenniumIT19. Robert Cornish International Securities Exchange20. Paul Hamill Citadel Securities
21. Eric Noll Convergex22. Tyler Moeller and Joshua Walsky Broadway Technology23. Rishi Nangalia REDI Holdings24. Veronica Augustsson Cinnober Financial Technology25. Alasdair Haynes Aquis Exchange
26. Manoj Narang Mana Partners27. Gaurav Suri Arcesium28. Robert Sloan S3 Partners29. Anton Katz and Stephen Mock AQR Capital Mgmt30. Stu Taylor Algomi
31. D. Keith Ross Jr. PDQ Enterprises32. Donal Byrne Corvil33. Alfred Eskandar Portware34. R. Cromwell Coulson OTC Markets Group35. Masayuki Hosaka Rakuten
36. Peter Maragos and David Karat Dash Financial37. Amar Kuchinad Electronifie38. Jennifer Nayar SR Labs39. Dave Snowdon Metamako40. Dan Raju Tradier