Company Profile - Jump Trading
Jump Trading, LLC, is a market leader in high-frequency trading that specializes in utilizing sophisticated algorithmic strategies in trading. The proprietary trading firm relies heavily on its innovative system and versatility. All relevant information has been documented in row 2 and columns C-K, of the attached spreadsheet.
In order to obtain the required information for the trading firm, Jump Trading LLC, we began our search by looking into its official website. However, apart from the operating regions, links to its LinkedIn company profile, career portal, and disclaimers, the website did not provide any information on the company’s history, operational details, financial data, employee data, or insights into its future target market. The reason for limited data published on their website can be due to the fact that the firm maintains high levels of exclusivity. We then expanded our search to include industry-specific websites such as SFGate; company-profiler websites such as Bloomberg and Crunchbase; and media websites such as Forbes, Financial Times, Chicago Business, and FN London. Through these channels, we were able to find relevant information pertaining to the company’s history timeline, competitive advantage, service area, company financials, consumer base, licenses, employee structure, and future prospects.
Jump Trading LLC
Established in the year 1999 by Bill Disomma and Paul Gurinas in Chicago, Jump Trading is a proprietary trading company that specializes in algorithmic trading. While the firm began its journey by operating in the open outcry environment in 1999, Jump Trading has evolved in doing most of their trading through electronic means today. Since its inception, Jump Trading has made significant investments into high-speed trading infrastructure and technology, including the purchase of a microwave tower in 2013, which once belonged to NATO. The firm began actively trading in Singapore and London in the year 2009.
In the year 2014, the proprietary firm was subpoenaed for its trading strategies by Eric Schneiderman, the former New York Attorney General, along with five other high-speed trading firms.
In 2012, the founding partners of Jump Trading founded a venture capital firm named Jump Capital. By 2016, Jump Capital was found to have invested in over 30 different companies. Jump Trading is a member of various exchanges that include the New York Stock Exchange, CME Group, the London Stock Exchange, and Eurex. The company generates $6.3 million in annual revenue and has over 251-500 employees.
Its biggest strength is that it is a "globally-positioned" firm with a high reputation that relies on sophisticated strategies for trading. Furthermore, the firm is an industry leader in exploring, creating, and testing new strategies that benefit their clients. Jump Trading LLC believes that its success is due to its commitment to innovation, human capital, and technology.
The firm's objective is to move trading from bitcoin chat-rooms, phone calls, and Skype calls, to a platform that is designed for large crypto-electronic trading. Jump Trading is developing a graphical user interface that allows "counterparties to interact with Jump on a desktop" without connecting to trading exchanges externally. Jump Trading is working on expanding its reach within the cryptocurrency market.
The required information has been documented in row 2, columns C-K, of the attached spreadsheet.