Jump Trading expands Hong Kong footprint
Jump Trading is expanding its presence in Hong Kong as rising trading volumes and a strong pipeline of equity capital markets activity create new opportunities for quantitative and proprietary trading firms, according to a report by Bloomberg.
Jump Trading is expanding its operations in Hong Kong as the city sees a surge in trading volumes and an influx of equity capital markets activity, according to Bloomberg. The Chicago-based firm is adding 11,000 square feet of office space at One International Finance Centre, Bloomberg's sources revealed. This move will provide Jump Trading with a new floor and further bolster its presence on its current floor.
In addition to the office expansion, Jump Trading is planning to hire more staff in Hong Kong, with a focus on quantitative trading and artificial intelligence positions, according to the unnamed sources. The firm did not provide a comment through a spokesperson. The expansion comes at a time when Hong Kong's equity market is experiencing a revival, with a thriving IPO market attracting interest from global trading firms.
Jane Street Group recently secured six floors at Central Yards development, and Qube Research & Technologies signed a deal at Two International Finance Centre.
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