Gardel Trading has a team of professionals with extensive experience in derivatives trading, quantitative strategy development, and trading operations management. The stability of the team over time has enabled the consolidation of consistent working methodologies and sustained operational continuity.
Head Traders
The firm's Head Traders lead trading activities and the development of operational strategies. Pablo Tutor has served as President of the company for many years and plays a central role in shaping its trading philosophy and execution framework. His work combines hands-on derivatives trading experience with the continuous development and refinement of quantitative models applied to the markets, with a strong focus on consistency, risk-adjusted returns, and capital efficiency.
As the current President and the firm's longest-tenured employee, he leads the trading operations and strategic direction. He brings extensive experience in derivatives markets, with deep expertise in dynamic inventory management, liquidity provision, and market microstructure across organized exchanges. His approach integrates discretionary judgment with quantitative tools, allowing for adaptive decision-making across different market regimes.
Risk, Equities & Administration
Oversees the firm's risk framework, monitoring operational exposures and ensuring disciplined capital allocation across strategies. Develops and executes equity market strategies, integrating risk management with active trading. His role bridges portfolio construction, hedging methodologies, and cross-asset analysis, contributing to the stability and scalability of the firm's trading operations.
Leads the firm's administrative and operational infrastructure, ensuring efficiency, control, and continuity across all business functions. Oversees internal processes, reporting, and organizational coordination, playing a key role in maintaining operational discipline and supporting the trading team's execution environment.
Cristian Gardel
Cristian Gardel, a founding partner and former President, retains a controlling stake in the firm. Until recently a key member of the trading team, he is widely recognized as one of the foremost operators in the history of the USD/ARS derivatives market. His exceptional trading volume, operational consistency, and profound understanding of market dynamics have established him as a leading authority in the space.
In the United States, Gardel has been recognized and registered as a Large Trader with the U.S. Securities and Exchange Commission (SEC), the highest trading-volume classification formally registrable under SEC market surveillance regulations. At various points, his trading activity and open positions accounted for more than 1% of volume in selected U.S. equities, crude oil futures, and VIX-related derivatives.
Team Overview
The team combines hands-on derivatives trading experience, deep knowledge of market dynamics, and strong analytical capabilities focused on the development of systematic strategies. This combination represents one of the firm's core strengths.