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Graduates Xiaoguang Wang and Hao Zhang Found International Trading Firm


Recent Purdue Statistics graduates, Xiaoguang Wang (Ph.D.  August 2015) and Hao Zhang (Master of Science, May 2015) have partnered in creating a trading firm called Equilibrium Capital, LLC.  They have opened a Chicago office and are going to open an office in Shanghai, China later in August.  Their goal is to bridge international investing between the US and Chinese markets.

Xiaoguang has been investing for the past 5 years in the US market, commodities, Chinese, and Foreign Exchange personally.  He completed his dissertation, titled High Frequency Realized Volatility Estimation and Time Series Modeling on Realized Volatilities of Multiple Frequencies, under the advisement of Associate Professor Michael Levine.  Xiaoguang has spent the last several years working with financial statistics giving him the tools to build investment strategies.  He believes the training he received at Purdue University in statistical theory, methods, and computation provide him an edge in investment.

With the Chinese government’s recent focus on creating a more open market encouraging more international trade, Xiaoguang and Hao have realized an opportunity for creating a bridge.  They provide some day trading and portfolio management, and hope to expand into high frequency trading in the next year.  They are currently negotiating two very lucrative projects in China worth 50 million Chinese yuan and 100 million Chinese yuan, which will jumpstart their international trading.  They plan to spend half of their time in China and the other half in Chicago assembling a team with the shared common goal of building a successful international investment firm.

For inquiries, please contact Xiaoguang via e-mail at

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