As an official market maker in several exchanges around the world, Barak strives to be the best liquidity provider and to improve the efficiency of the financial markets by providing continuous two-sided market quotes of the tightest spread possible, using low latency technologies and co-located servers in key data centers.
Barak’s teams all collaborate to achieve these goals: the SW team develops the trading applications and algorithms; the research team invents the complex mathematic and ML algorithms; the trading desks look for market opportunities; the IT team sets-up and maintains the required network infrastructure; and the compliance team monitors and guides, according to the regulatory requirements.
We believe that algorithmic trading merged with advanced technology tools and infrastructure, together with Barak’s greatest assets, our human resources, is the way to make markets more productive and transparent.
IS WHAT WE DO
Barak’s market making activities emerged from the group’s ability to bring together automated trading and cutting-edge technology. Barak designed and developed an in-house latency sensitive proprietary trading system. This system was used initially in 2010 when Barak first became an official Market Maker of options on TASE. Thereafter, followed market making of hundreds of financial instruments in dozens of exchanges worldwide. Our complex strategies, which are very low risk driven and designed to be free of directional opinion, were quickly deployed into major exchanges in Europe, APAC and the Americas, providing liquidity in various instruments, such as Indices, FX, Fixed Income, ETFs and Equities.
As market makers, we rely on technology and infrastructure to transfer information while trading various financial instruments. We use different approaches in developing algorithmic strategies, from statistical trading via artificial intelligence (AI) and machine learning (ML) techniques. Our business is characterized by a flat structure, facilitating the free flow of ideas, from juniors to seniors, across all departments
People are our greatest asset. We strive to recruit ambitious, open-minded tech-savvy and talented employees, who have a passion for the financial and technological world. Every single one, on his own, can make a difference because the freedom to do and achieve is in our DNA. We culture it.
Barak’s Market Making team began its path with a handful of traders and technology talents and today works with dozens of employees. The team is continuously growing and expanding globally via our Amsterdam branch.
Under the Amsterdam branch, Barak plans to take its market making activities to the next level in the European and US markets.
Head of Market Making
Ofer Atal joined Barak as an ETF trader in 2006. Soon thereafter, he established within Barak an automated trading group, that focused on trading equity and index derivatives. The group’s trading activities grew over the years and formed Barak’s professional market making team, under Ofer’s management. Ofer has an MBA from Bar-Ilan University, majoring in finance.
Head of Market Making Business Development
Uri Peles joined Barak as an equity and index derivatives trader in 2010. He soon took on a managerial role in the market making team, working alongside Ofer, to develop and grow the team’s activities worldwide. Uri has a MSc in financial mathematics from Bar-Ilan University.
Head of Amsterdam branch
Nadav Attar joined Barak as a fixed income trader in 2014. In 2016 he became head of the fixed income desk and headed a team of 8 traders. With his proven managerial abilities, Nadav was appointed to lead the operation of Barak’s European entity based in Amsterdam since its establishment in 2021.