Flash Boys at Jump Trading Set Their Sights on the Credit Market
- Jump Trading is expected to hire a credit quant from Citadel
- Bond markets are automating, a lure for the likes of Jump
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Chicago-based Jump Trading has quietly become one of the giants in modern finance, a dominant presence in derivatives trading and a major reason why markets operate close to the speed of light. It’s now got the credit market in its sights.
The company is considering an expansion into corporate bond trading and is expected to hire Frederic Boyer, who most recently worked for Ken Griffin’s Citadel LLC as a managing director and head of quantitative research for global credit, to help its effort, according to people familiar with the matter, who asked not to be identified discussing a private project.