Global quantitative trading firm IMC has signed a contract with CoreWeave that will see it scale up its use of the neocloud's platform.

IMC has run CoreWeave clusters in production since 2025, but as model complexity and data volumes are increasing, it is moving to a "significantly larger commitment" with CoreWeave.

IMC will use the compute capacity to research new trading strategies and will be able to run experiments in parallel with faster iteration.

The value of the contract has not been shared.

“CoreWeave engages with us as a design partner, enabling IMC to influence the systems we run on and iterate quickly alongside their engineers,” said Rob Burke, chief technology officer at IMC. “That partnership, along with the performance and availability we saw from the outset, gave us the confidence to commit to a much larger footprint with CoreWeave as our infrastructure demands grow.” 

“IMC operates at the frontier of quantitative research, running large, complex models on massive datasets where every millisecond of compute time matters,” said Jon Jones, chief revenue officer of CoreWeave. “CoreWeave was built for exactly this kind of workload — high-performance, highly customizable infrastructure that runs reliably at scale.”

Algorithmic or quantitative trading is a type of "high-frequency trading" that relies on speed and latency as part of its strategy.

This isn't the first contract CoreWeave has secured with such a customer. Earlier this year, a fellow quantitative trading firm, Jane Street, signed on to secure $6 billion in AI cloud capacity from CoreWeave.

Hudson River Trading, meanwhile, opted to use CoreWeave competitor Lambda's AI cloud platform in May 2026.

IMC has been operating in the financial markets since 1989, though today it focuses on quantitative trading. A full idea of its data center footprint is unclear, but the company operates on numerous global stock exchanges, and a job listing identifies a specific data center in Somerset, New Jersey.

CoreWeave recently published its Q2 2026 earnings results, with revenue of $2.575 billion while its operating loss increased to $49 million. Capex for the quarter was $9.4bn.