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Deals & Dealmakers

Financial tech firm Hudson River Trading takes two floors at 4 WTC

Silverstein Properties chairman Larry Silverstein announced that the company has signed a lease with Hudson River Trading (HRT), a pioneer in the fintech industry, for 69,000 s/f of office space at 4 World Trade Center.

Founded in 2002, HRT develops automated trading algorithms using advanced mathematical and statistical modeling techniques in an extremely high-performance computing environment.

With offices in New York, London and Singapore, HRT trades equities, futures, options, currencies and fixed income on over 50 markets worldwide.

HRT, which is currently located at 32 Old Slip, will move its headquarters to the 57th and 58th floors of 4 World Trade Center in Spring 2017.

Included in the lease is a 5,000 s/f outdoor terrace which was made possible by the 57th floor setback of the Fumihiko Maki designed tower.  HRT will now have sole access to the space, which is already famous for its panoramic views of New York Harbor and the Midtown skyline, and has been used as a location for movie shoots, television commercials, concerts and events.

HRT issued a statement saying: “HRT is thrilled to be moving to 4WTC. In making this decision, we sought input from the entire company, and we received overwhelmingly positive feedback.  We’re excited for a great opportunity to build a new high tech and efficient workplace for our growing team, and we look forward to returning to our roots overlooking the Hudson River!”

Larry Silverstein said:  “The fintech revolution is coming to the World Trade Center.  Hudson River Trading joins Morningstar, FastFin, Caplin Sytems and other financial technology companies that are reinventing the banking industry from new offices here at the World Trade Center.”

Janno Lieber, president of World Trade Center Properties, an affiliate of Silverstein Properties said:  “Downtown has always been the international capital of finance – home to Goldman Sachs, Citibank, Deutsche Bank, American Express, Moody’s and other financial services giants that still make up almost 40% of the area’s workforce.  But over the past 10 years, the neighborhood has completely transformed, attracting nearly 1,000 TAMI (Technology, Advertising, Media, Information Services) companies from start-ups to established brands.  Now these sectors are merging and Lower Manhattan is poised to become the fintech center of America.”

Jeremy Moss, Director of World Trade Center Leasing for Silverstein Properties, led the negotiations for the landlord, together with the CBRE agency team including Mary Ann Tighe, Steven Siegel, Adam Foster, Steve Eynon, Evan Haskell, David Caperna, Ken Meyerson and Rob Hill.

Hudson River Trading was represented by Sacha Zarba, Chris Corrinet and Christopher Hogan of CBRE.  HRT has also hired Gensler Architects to design its space.

4 WTC was the first tower to be completed on the 16-acre site.

The 977 foot building contains 2.3 million s/f spread over 56 office floors.

Tenants include MediaMath, SNY, Hudson River Trading, Silver Suites Offices, Morningstar, PadillaCRT, Syntactx, Dixon Hughes Goodman, Port Authority of New York & New Jersey, and City of New York.

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