Head-to-head
Quadrature Capital vs Tower Research Capital
A direct, side-by-side comparison of Quadrature Capital and Tower Research Capital — profit splits, evaluation fees, payout cadence, supported assets, and trading rules. Data pulled live from our firm directory.
Quick verdict
Quadrature Capital is best for
traders who prefer Firm Capital Model and a London, UK-based firm.
Full Quadrature Capital profile →Quick verdict
Tower Research Capital is best for
traders focused on options.
Full Tower Research Capital profile →Not sure which fits?
Help me decide between Quadrature Capital and Tower Research Capital
Answer 3 quick questions for a lean. The full Match weighs your whole profile.
Cost & compensation
Cost and compensation path
Published fees and payout timing apply to trader-paid funding programs. Firm-capital and institutional paths are shown separately because their economics usually depend on hiring, allocation, salary, bonus, or profit-sharing terms.
Quadrature Capital
Firm Capital ModelNot applicable for this model
This is a firm-capital or hiring-based trading path, not a trader-paid funding program. Compensation is typically handled through salary, bonus, draw, allocation, or profit-sharing arrangements rather than a published evaluation fee and payout schedule.
Tower Research Capital
Firm Capital ModelNot applicable for this model
This is a firm-capital or hiring-based trading path, not a trader-paid funding program. Compensation is typically handled through salary, bonus, draw, allocation, or profit-sharing arrangements rather than a published evaluation fee and payout schedule.
Decision guide
Best for your trader type
- Highest profit share
Tie
Both pay 50%.
| Attribute | Quadrature Capital Firm Capital Model · est. 2010 | Tower Research Capital Firm Capital Model · est. 1998 |
|---|---|---|
| Cost | ||
| Evaluation fee | — | — |
| Monthly fee | — | — |
| Evaluation required | No | No |
| Instant funding | No | No |
| Capital | ||
| Profit split | 50% | 50% |
| Max allocation | Firm capital | Institutional only |
| Account sizes | Firm capital | Institutional only |
| Scaling | — | — |
| Payouts | ||
| Frequency | Annual | Annual bonus |
| First payout | — | — |
| Assets | ||
| Futures | Yes | Yes |
| Stocks | Yes | Yes |
| Options | No | Yes |
| Forex | Yes | Yes |
| Crypto | No | No |
| Trading rules | ||
| News trading | Yes | Yes |
| Overnight holding | Yes | Yes |
| Weekend holding | Yes | Yes |
| Copy trading | No | No |
| Technology | ||
| Platforms | Proprietary | Proprietary |
| Data feed | — | — |
| Company | ||
| Headquarters | London, UK | New York, USA |
About Quadrature Capital
Privately held quantitative trading firm running fully systematic strategies in global liquid markets. Known for funding climate philanthropy via Quadrature Climate Foundation.
Full Quadrature Capital profile →About Tower Research Capital
Quantitative proprietary trading firm and global market maker founded by Mark Gorton. Operates high-frequency strategies across equities, futures, options, and currencies from offices in New York, London, and across Asia.
Full Tower Research Capital profile →Trust & stability
Reputation and rule-change activity
Two added decision signals: a weighted reputation score from independent review sources, and a 90-day view of structural rule-change activity where monitored sources are available.
Reputation
canonical- Sources used
- 1
- Confidence
- low
Weighted blend of independent trader-review sources. See methodology.
Rule Stability
last 90dWe do not currently have enough monitored public rule sources for this firm to report rule-change activity honestly.
Reputation
canonical- Sources used
- 1
- Confidence
- low
Weighted blend of independent trader-review sources. See methodology.
Rule Stability
last 90dWe do not currently have enough monitored public rule sources for this firm to report rule-change activity honestly.
Frequently asked
Common questions
- Which has a higher profit split — Quadrature Capital or Tower Research Capital?
- Quadrature Capital pays 50%; Tower Research Capital pays 50% of trader profits once funded. Both firms offer the same profit share.
- Which pays out faster — Quadrature Capital or Tower Research Capital?
- Quadrature Capital payouts: Annual. Tower Research Capital payouts: Annual bonus.
- Can I trade news at Quadrature Capital or Tower Research Capital?
- Quadrature Capital: permits news trading. Tower Research Capital: permits news trading.
- Can I hold positions overnight at Quadrature Capital or Tower Research Capital?
- Quadrature Capital: allows overnight holds. Tower Research Capital: allows overnight holds.
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