Jump Trading Creates Compute Trading Unit Through Ito Markets Acqui-Hire
Photo: TokenPost
Jump Trading has created an internal unit focused on trading computing capacity and recruited Ito Markets founders Affaan Mustafa and Alejandro Soumah Fernandez through an acqui-hire. The initiative comes as demand for computing resources grows alongside AI development. Jump Trading’s new unit will focus on computing capacity as demand for such resources grows alongside AI development. The move builds on Jump Trading’s use of artificial intelligence in quantitative research. The firm has integrated ChatGPT into its quantitative research workflow , using longer-running data-analysis processes to support trading-strategy development while researchers review the results.
Source: TokenPost
