AFAIK Bloomberg is only around from major trading companies.
Why move to Bay Area anyways? horrible traffic and congested city
For talants
So you are telling me only talent is available in Bay Area lol. Good luck with such attitude
Bay Area is full of software engineers. Although trading companies needs software engineers for managing things, reporting, data engineering etc.. it is not really essential part. You can find more experienced folks in related areas focusing on trading in NY, Chicago or Boston.
Yes They have an attitude and they only invest heavily in one part of the country. We talk about US leading in IT when every innovation happens only in BayArea but rest of US is still using cheques for payments (just one example to show how long it took for wireless payment to expand in US when UK and Europe was using it back in 2010 ) and it takes years for that technology to actually flourish all over States. Yes it is a IT hub which attracts investors but doesnt mean it includes only talented people. I was just trying to make it clear on you that the TALENT is not just in BayArea
Did I stated the talent is JUST in Bay Area?
Read your message again.
Expanding in Bay area?
Market hours are based in EST. Citadel does have a small office in SF.
Noncompetes are illegal in California. Trading firms rely heavily on noncompetes to protect their IP. There aren’t other moats like brands and either network effects (FB/G) or licensing deals (apple/Netflix)
NYC is the core of the financial industry in the us. Those companies need top finance talent in addition to technical talent and that's not easy to come by with a city filled with tech workers. Plus a lot of those companies work closely with other finance companies (as clearing firms, for example) so its helpful to be closeby for relationship building purposes.
who tf wants to get up at stupid o' clock?
Citadel is in SF now