Jump Trading Hires Itô Team to Run New Internal Compute Desk

The core team behind artificial intelligence compute trading platform Itô, led by co-founders Affaan and Alejandro, has joined quantitative trading firm Jump Trading. The team will establish and operate Jump Trading's newly formed internal compute trading desk, where it has already begun trading operations in the compute and inference cost market.

Itô originally developed its platform to assist businesses in managing centralized AI supply chain risks that traditional financial instruments do not address. Industry agreements for compute capacity typically span three to five years and require approximately 30 percent upfront payments, creating liquidity challenges for growing firms that bill revenue monthly based on usage. Furthermore, secondary market prices for popular AI microchips fluctuate significantly, with total contract values in the mid-market segment often reaching hundreds of millions of dollars.

The incoming team brings technical and financial experience, including credit basket trading from Goldman Sachs (GS), open-source engineering software, and supercomputing cluster research. Jump Trading plans to combine this domain expertise with its existing capital, risk management framework, and hardware capabilities to expand its presence in the growing compute market.