![]() ![]() Jump Trading often forms partnerships in order to achieve strategic goals.įor example, it partnered with the University of Illinois College of Medicine and College of Engineering to design the Jump Trading Simulation and Education Center. Jump Trading’s business model entails maintaining a robust platform for its customers. Customers utilize the service through the main platform while having limited interaction with employees. Jump Trading’s customer relationship is primarily of a self-service, automated nature. The company promotes its offering through its social media pages and participation in conferences. Jump Trading’s main channel is its website. Lastly, the firm is a member of the Principal Traders Group, an advisory group created by the Futures Industry Association to represent principal traders. They operate in the equities, options, and futures markets in Chicago, London, New York, and Singapore, and trade across all major asset classes in Europe, Asia, and the Americas. It has over 500 employees who belong to over 20 teams. A privately-funded firm, it is one of the top companies on the Chicago Mercantile Exchange, with over $500 million in annual revenues. The company has established a strong brand due to its success. It has invested significantly in high-speed trading infrastructure and technology for example, in 2013 it purchased a Belgian microwave tower formerly owned by the North Atlantic Treaty Organization (NATO). It has a quantitative basis and creates technology solutions that can execute algorithmic trading strategies. The company places a strong emphasis on innovation. exchanges such as the New York Stock Exchange and Chicago Mercantile Exchange, and European ones such as Eurex and the London Stock Exchange. ![]() It is a registered broker-dealer that is a member of multiple exchanges. The company creates accessibility by providing a wide variety of options. ![]() Jump Trading offers three primary value propositions: accessibility, innovation, and brand/status. The company targets its offering at consumers interested in high-frequency trading. Jump Trading has a niche market business model, with a specialized customer segment. Benefits at Jump Tradingīusiness model of Jump Trading Customer Segments In 2001 DiSomma and Gurinas changed their firm’s name to Jump Trading, a reference to how they used to draw attention to themselves on CME’s floors. Harada left not long afterwards to co-found a competitor, Allston Trading. It was called Akamai Trading LLC, and CME Group board member William Shepard bought a stake.Īkamai was a proprietary trading firm with an emphasis on technology that utilized algorithmic and high-frequency trading tactics. They worked on their idea for several years, then left CME in 1999 to start their own company, along with colleague John Harada. Specifically, they thought there was potential in using computers to take advantage of price discrepancies in different markets – a strategy known as “arbitrage”. The two men sensed an opportunity in this migration. Around 1992, financial markets began transitioning to electronic trading. Despite this role, they had a reputation for their level heads. As pit traders, they would shout and wave their arms in order to obtain the best prices. William DiSomma and Paul Gurinas were traders in the Deutsche Mark pit at the Chicago Mercantile Exchange (CME). Jump Trading’s mission is to leverage its petaflops of computing power and petabytes of data to carefully analyze and identify trends in the global markets across all asset classes. ![]()
0 Comments
Leave a Reply. |