Tower Research Hires Millennium Veteran Marvin Arteaga
Arteaga will lead Tower's push into medium-frequency trading strategies from a New York base.
Updated on Nov. 3, 2026 in Job Search
Tower Research has hired Marvin Arteaga as head of MFT strategies, a New York-based role. Arteaga spent 12 years at Millennium, predominantly as head of algo execution technologies.
Why it matters
The hire adds a veteran technologist from Millennium to Tower's efforts to expand in medium-frequency trading, which holds positions for minutes to days rather than microseconds. It follows Millennium's earlier hiring of Tower's CTO Alexandre Fournier, reflecting movement of technical talent between the two firms.
Arteaga brings 12 years of experience at Millennium and seven years in algo development at Bank of America before that. Tower has been building out its MFT capabilities for years, though the stub gives no headcount or budget figures for the effort.
The players
Tower Research
Tower Research is a quantitative trading firm that has been expanding its medium-frequency trading capabilities.
Millennium
Millennium is a multi-strategy hedge fund and one of the largest alternative asset managers, where Arteaga spent 12 years.
The details
Arteaga worked remotely during his final year at Millennium as liquidity provision technology manager before leaving. His new Tower role is hybrid and based in New York.
Timeline
Seven years before joining Millennium, Arteaga worked in algo development at Bank of America.
Earlier in 2026, Millennium hired Tower's CTO Alexandre Fournier.
In June 2026, Wesley Chen, Tower's co-head of investment grade credit trading, joined Millennium as a portfolio manager.
On 2026-11-03, Tower hired Arteaga as head of MFT strategies.
Market Landscape
Talent moves between multi-strategy funds and proprietary trading firms have accelerated as firms compete for engineers who build execution systems. Tower's push into medium-frequency strategies positions it to compete more directly in the slower end of algorithmic trading, which sits between high-frequency and traditional long-horizon investing.
For New York job seekers in quantitative finance, the hire signals continued demand for engineers with execution-technology experience at trading firms. The role is hybrid, which may affect the availability of similar openings for candidates who prefer remote work.
The takeaway
Experience building execution systems at large multi-strategy funds is a transferable skill in the trading-firm hiring market. Candidates tracking this sector can watch which firms are expanding into medium-frequency strategies.
Further reading
Track other moves in the Job Search category for New York City hiring news.
