Chicago-based trading firm Jump Trading has hired the entire founding team of Itô, a startup specializing in trading access to computing power and AI inference capacity. This team will create and lead a new compute trading desk. Mid-market contracts, lasting 3 to 5 years, typically range from tens of millions to hundreds of millions of dollars, with approximately 30 percent requiring upfront payment. The Itô founders were attracted to Jump’s strong credit standing, risk management capabilities, and existing infrastructure. Jump Trading, founded in 1999 by Paul Gurinas and Bill DiSomma, both former pit traders at the CME, has become a prominent player in proprietary trading.
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