On October 13, Bloomberg reported that market maker Jump Trading has hired the founding team of a computing power trading startup as the artificial intelligence boom drives the development of related markets. According to a post by Ito Markets on platform X, Jump Trading has brought on board Affaan Mustafa and Alejandro Soumah Fernandez, the founders of Ito Markets Inc., through an 'acquihire' strategy. Ito Markets is a proprietary trading startup focused on buying and selling rights to computing power, and the two founders have joined Jump Trading to lead the newly established computing power trading division. The financial terms of the deal have not been disclosed.
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Jump Trading Acquires Founders of Ito Markets to Establish Computing Power Trading Division
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