Hitesh Mittal

Founder

New York City, New York, United States26 yrs experience

Most Likely To SwitchHighly Stable

Key Highlights

Founder of innovative algorithmic trading firm.
Led global trading teams at top financial institutions.
Pioneered automation in trading execution.

Stackforce AI infers this person is a Fintech expert specializing in algorithmic trading and execution quality.

Contact

Skills

Core Skills

Algorithmic TradingExecution QualitySystematic TradingAutomationMarket Making

Other Skills

Algorithm DesignAlgorithm DevelopmentAsset ManagementBloombergBondsCapital MarketsCredit DerivativesDark PoolsDerivativesElectronic TradingEquitiesEquity DerivativesEquity TradingExecution AlgorithmsFinancial Markets

About

Founder & CEO of BestEx Research, an independent financial technology firm dedicated to redefining how institutions trade across asset classes. Previously led world-class trading teams and algorithmic innovation as Global Head of Trading at AQR and Global Head of Algorithmic Trading at ITG. Committed to setting new benchmarks in execution quality and building technology that moves the industry forward.

Experience

Bestex research

Founder & CEO

Aug 2017 – Present · 8 yrs 7 mos · Stamford, CT

BestEx Research provides a fully-managed, high performance algorithmic trading solution for FX, futures and global equities. Our best in-class algorithmic trading solution meaningfully lowers transaction costs for asset managers and hedge funds. Bestex Research is the world’s first managed algorithmic solution that is also fully broker dealer neutral and allows you to choose your counterpart. Our algorithmic trading experts optimize the algorithms for clients’ unique profile and each asset class’s unique market structure. Our unique simulator provides backtesting ability to build robust execution algorithms. Our web-based dashboard provides you unique insights about our algorithms and transaction costs. For more information, visit https://www.bestexresearch.com/

Algorithmic TradingTransaction Cost AnalysisExecution AlgorithmsMarket StructureExecution Quality

Aqr capital management

Global Head of Trading

Jan 2012 – Aug 2015 · 3 yrs 7 mos

I oversaw AQR's trading globally across all asset classes and managed a 24x7 trading desk. I founded AQR’s advanced systematic trading (AST) group to automate execution of all equities, FX and futures trading across the globe using internally developed algorithms. I also built out the internal transaction costs analysis system to both estimate and measure costs across all instruments that AQR traded. The focus on estimation, automation and measurement led to significant improvement in portfolio returns across all of AQR’s strategies.

Systematic TradingAutomationPortfolio ReturnsTransaction Cost Analysis

Itg

Global Head of Algorithmic Trading and Liquidity Management

Feb 2001 – Aug 2011 · 10 yrs 6 mos

I ran ITG's algorithmic trading and ITG's ATS POSIT globally. I was a member of ITG's management committee. I helped design the entire algorithmic trading suite from scratch, built a global team to manage it and expanded it to over 25 countries. ITG’s algorithms consistently ranked #1 in several categories, including transaction costs and market share. I won three patents with my colleagues related to trading algorithms and published several research papers related to market structure.

Algorithmic TradingMarket MakingGlobal Team ManagementResearch Publication