Another Financial Tech Firm Heads to 4 WTCJun 01, 2016
NEW YORK CITY—Larry Silverstein’s World Trade Center properties are quickly becoming a hub for the financial technology sector. The latest fintech firm to join the tenant roster is Hudson River Trading, which has agreed to move its headquarters to 69,000 square feet of space at 4 World Trade Center.
Hudson River Trading will relocate from 32 Old Slip. The company is scheduled to take occupancy of its new space on the 57th and 58th floors of the 2.3-million-square-foot tower in the spring of 2017.
“The fintech revolution is coming to the World Trade Center,” says Silverstein, chairman of Silverstein Properties. “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 Silverstein Properties’ affiliate World Trade Center Properties, adds that Downtown—while still the international capital of finance and home to Goldman Sachs, Citibank, Deutsche Bank, American Express, Moody’s and others—has attracted nearly 1,000 TAMI (technology, advertising, media, information services) companies in the past 10 years.
“Now these sectors are merging and Lower Manhattan is poised to become the fintech center of America,” he predicts.
Jeremy Moss, director of World Trade Center leasing for Silverstein Properties, led the negotiations for the landlord, along with CBRE’s Mary Ann Tighe, Steven Siegel, Adam Foster, Steve Eynon, Evan Haskell, David Caperna, Ken Meyerson and Rob Hill. Hudson River Trading was represented by CBRE’s Sacha Zarba, Chris Corrinet and Christopher Hogan.
Included in the lease is a 5,000-square-foot outdoor terrace that was made possible by the 57th floor setback of the tower. HRT will have sole access to the space, which boasts panoramic views of New York harbor and the Midtown skyline that has been used as a location for movie shoots, television commercials, concerts and events.
In a prepared statement, HRT says of its upcoming move to 4WTC, “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.”
HRT is a multi-asset class quantitative trading firm that develops automated trading algorithms. With additional offices in London and Singapore, the company trades equities, futures, options, currencies and fixed income on more than 50 markets worldwide.
Other notable tenants at 4 World Trade Center include MediaMath, SNY, Silver Suites Offices, PadillaCRT, Syntactx, Dixon Hughes Goodman, Port Authority of New York & New Jersey and the City of New York.