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India’s High‑Speed Trading Unicorn Expands to Singapore and London

Bloomberg Markets •
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India’s high‑frequency trading firm Graviton is moving beyond its home market, opening offices in Singapore and London as domestic competition and regulatory pressure grow. Founded in 2014 by IIT‑Delhi alumni Ankit and Nishil Gupta, the startup has become the country’s first $1 billion quantitative venture.

Graviton captured the largest‑block trade share on the National Stock Exchange, handling more than 25% of large cash orders in 2024. Its 2024‑25 fiscal year revenue hit $782 million, topping rivals like Jane Street’s Indian unit and Citadel Securities.

The firm’s edge lies in nanosecond‑level execution, achieved through field‑programmable gate arrays and custom silicon. This infrastructure keeps per‑message costs 12% below global peers operating in India, giving Graviton a decisive advantage in market‑making.

Expanding abroad offers Graviton a chance to preserve growth amid tightening Indian oversight and increasing global competition. Success overseas could cement its status as a benchmark for emerging‑market high‑frequency traders worldwide.