Jump Trading hires startup founder to lead computing trading division

Bloomberg News reported on October 13 that market maker Jump Trading has included the founding team of a computing power trading startup. Driven by the artificial intelligence boom, market makers are gradually entering this emerging asset class.<br /> <br /> According to a statement issued by Ito Markets on the X platform, Jump Trading recruited Affaan Mustafa and Alejandro Soumah Fernandez, founders of Ito Markets Inc., in the form of an "acquisition recruitment." Ito Markets is a proprietary trading startup whose main business is the buying and selling of computing power use rights. Currently, the two have officially joined Jump Trading and will be in charge of the company's newly established computing power trading department. As of now, the specific financial terms of this transaction have not yet been announced.