Parallel Partners
IT recruiting firm placing technology professionals in permanent roles at financial services and trading firms, with focus on high-frequency, quantitative and algorithmic trading.
Parallel Partners is an information technology recruiting firm that places technical professionals in permanent, direct-hire positions. Founded in 1995 and headquartered in the Chicago area, the firm operates across the United States and concentrates on the financial services and trading industries.
The company's work spans a set of domains central to modern market infrastructure, including high-frequency trading systems, quantitative and algorithmic trading, financial engineering, risk management and open source software. Its client base ranges from Fortune 500 companies to emerging technology firms, and covers hedge funds, proprietary trading firms, investment banks, online brokerages, market data providers and trading software vendors across asset classes such as fixed income, foreign exchange, equities and derivatives.
Parallel Partners reports a 90% repeat business rate, which it attributes to long-standing client relationships and a focus on top-tier technical talent. The firm was acquired by Next Step Systems in 2014, a move intended to broaden its technology resources and candidate base.