Jump Trading established a computing power trading department and acquired the founding team of Ito Markets

Quantitative giant and market maker Jump Trading has disclosed the establishment of a new internal computing power trading department, while also recruiting the founding team of Ito Markets, Affaan Mustafa and Alejandro Soumah Fernandez, through an acquisition-style recruitment. The specific terms of the transaction have not been disclosed.

Analysts believe that as the AI boom drives the demand for computing resources, Jump's move also reflects that financial trading institutions are accelerating their layout in this emerging asset class.