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Cognitive is a premier proprietary trading firm based in Chicago.

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We embrace a collaborative and sophisticated approach to quantitative trading, with extensive research and insights, that feed proprietary models executed by leading-edge technology.

A group of professionals engaged in discussion, focusing intently as they share ideas around a conference table.

We combine creativity, scientific rigor, and leading-edge technologies to provide competitive prices and differentiated liquidity to our bilateral counterparties, and the global capital markets.

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Founded in 2004 by quantitative trading expert Art Margulis, Cognitive is a team of quantitative researchers, portfolio managers, trade desk professionals, and software engineers who bring together information and technology to improve pricing in the global capital markets.

With a rich heritage of collaboration and success in the industry, Cognitive welcomes highly motivated, ambitious, and inquisitive individuals who understand the benefits of side-by-side collaboration.

Cognitive engages in private direct counterparty trading relationships.

A man in a white shirt discusses ideas intently with two women during a meeting, fostering collaboration in a well-lit, modern space.

We strive to achieve long term relationships with our counterparties through transparent, performant, mutually beneficial trading.