Jump Trading Acquires Computing Power Startup Founders to Lead New Trading Desk

Jump Trading has hired the founding team of Ito Markets to lead a newly established computing power trading desk, as market makers move into an emerging asset class underpinning the AI boom. Affaan Mustafa and Alejandro Soumah Fernandez, co-founders of the proprietary trading startup, are joining Jump in an acqui-hire arrangement to oversee compute trading operations. The move signals institutional finance's growing interest in GPU and computing capacity as a tradable commodity.