Teza Technologies

Teza Technologies is a global quantitative trading firm specializing in high-frequency trading. It was founded in 2009 by Mikhail "Misha" Malyshev, a former Citadel LLC trader. It is headquartered in Chicago and also has offices in New York City and London.
History
From 2003 to 2008, Mikhail "Misha" Malyshev was part of the high-frequency trading group at Citadel LLC, and he was the head of the group in 2008, when it made $1 billion. In February 2009, Malyshev left Citadel and founded Teza Technologies. Malyshev was sued by Citadel LLC for violating a non-compete clause and stealing trading secrets. He paid a fine of $1.1 million.
Teza Technologies also hired Sergey Aleynikov, a former Goldman Sachs trader, with an offer to triple his salary. Aleynikov was sued and criminally charged for violating Goldman Sachs' trading secrets and taking them to Teza, and he was convicted and sent to prison. The conviction was overturned in 2012. During the case, Malyshev said that he had never asked for code from Aleynikov, citing their ethics code, but also said that he wouldn't even be interested in the Goldman Sachs code because banks are inferior at high-frequency trading.

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