The Zug-based high-frequency trader Tensor Technologies has been acquired by the proprietary trading firm IMC, which is headquartered in Amsterdam. As Tensor has now announced, the newly formed team will in future operate under the name of IMC Zug AG and will remain at its current address.
Tensor was founded in 2018 by scientists and graduates from the Swiss Federal Institute of Technology in Zurich (ETH). Gerhard Pfister, a politician from The Centre party in Switzerland, was once a member of the Board of Directors at Tensor Technologies.
The fintech company trades various asset classes worldwide on electronic exchanges. To this end, it develops strategies, programs and algorithms. The principles of one of the best universities in the world are omnipresent in the start-up, as Tensor explains on its website. The company sees itself as a promoter of the open source movement, closely connected to its key groups.
IMC is a proprietary trading firm and market broker for various financial instruments listed on more than 100 trading platforms. Trading is primarily based on data and algorithms. IMC employs more than 1,300 people. mm