SIG North Trading, Ulc
SIG North Trading, ULC is a Canadian subsidiary affiliated with the Susquehanna International Group (SIG), one of the world's leading privately held trading and technology firms. SIG North Trading, ULC operates as a CIRO-registered market participant in Canada, providing market making and proprietary trading services across equities and derivative products. It was admitted to membership in the Investment Industry Regulatory Organization of Canada (now CIRO) effective March 25, 2021. The firm leverages Susquehanna’s global expertise in quantitative trading, market making, and algorithmic trading, serving institutional clients and participating actively in Canadian and US securities markets. The broader SIG group employs over 3,000 professionals worldwide, with SIG North Trading, ULC representing its regulated Canadian footprint.
Investment Strategy
SIG North Trading, ULC engages in quantitative, systematic proprietary trading and market making across equities and derivatives, mirroring SIG’s global approach. The firm focuses on algorithmic and statistical methodologies to identify relative value and trading opportunities in Canadian and US-listed securities, with disciplined risk management and robust technology infrastructure. The investment philosophy emphasizes liquidity provision, efficient execution, and leveraging advanced data analysis to inform decision-making, serving the needs of institutional counterparties and optimizing performance through the application of quantitative strategies.
Top Holdings
Equity Positions (76)
| Ticker | Security | Weight | Market Value | Shares | Avg Cost | Price | Change (QoQ) |
|---|---|---|---|---|---|---|---|
R RCI | ROGERS COMMUNICATIONS INC | 1.97% | $80.2M | 2,705,445 | $30.25 | $29.66 | +$28.1M |
B BNS | BANK NOVA SCOTIA HALIFAX | 1.78% | $72.6M | 1,313,286 | $49.35 | $55.27 | +$25.4M |
S SU | SUNCOR ENERGY INC NEW | 0.93% | $38.1M | 1,017,358 | $36.62 | $37.45 | +$18.2M |
C CNQ | CANADIAN NAT RES LTD | 0.72% | $29.5M | 939,275 | $33.31 | $31.40 | +$7.5M |
T TU | TELUS CORPORATION | 0.63% | $25.5M | 1,589,599 | $14.32 | $16.06 | -$20.6M |
Options Positions (10)
| Ticker | Security | Action | Type | Notional Value | Contracts | Underlying Price | Premium Paid | Change (Contracts) | Change (Value) |
|---|---|---|---|---|---|---|---|---|---|
B BMO | BANK MONTREAL QUE | Bought | Put | $204.4M | 18,479 | $110.63 | $98.24 | +4,157 | +$67.6M |
R RY | ROYAL BK CDA | Bought | Call | $196.4M | 14,930 | $131.55 | $114.12 | +4,646 | +$80.5M |
R RY | ROYAL BK CDA | Sold | Put | $174.5M | 13,266 | $131.55 | $114.44 | -137 | +$23.4M |
T TD | TORONTO DOMINION BK ONT | Bought | Call | $163.3M | 22,232 | $73.45 | $64.11 | +7,894 | +$77.4M |
T TD | TORONTO DOMINION BK ONT | Bought | Put | $154.1M | 20,974 | $73.45 | $57.49 | +2,309 | +$42.2M |