Jump Trading

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Jump Trading LLC is a proprietary trading firm with a focus on algorithmic and high-frequency trading strategies. The firm has over 2000 employees in Chicago, New York, Austin, London, Singapore, Shanghai, Bristol, Mumbai, GIFT City, Sydney, Amsterdam, Hong Kong, and Paris. The firm is active in futures, options, cryptocurrency, and equities markets worldwide. The company is a member of the Principal Traders Group, an advisory group formed by the Futures Industry Association (FIA) to represent principal traders (i.e. independent proprietary trading firms that trade only on their own accounts). Jump has been privately funded throughout its existence. Jump Trading was founded in 1999 by two former pit traders, Paul Gurinas and Bill Disomma, who met in the Deutsche Mark pit at the Chicago Mercantile Exchange (CME). While the firm got its start in the open outcry pits, Jump Trading does nearly all of its trading electronically. The company has made substantial investments in high-frequency trading and infrastructure, including a Belgian microwave tower once owned by NATO, purchased in 2013 by a U.K. affiliate. Following the 2010 flash crash, Disomma, Gurinas, and COO Matt Schrecengost met with CFTC chairman Gary Gensler to discuss the definition of spoofing as a disruptive trade practice as well as transparency and access to SEFs. This meeting contributed to regulatory efforts to implement new market rules stemming from the Dodd–Frank Act.