Two Jump Trading stars are leaving the quant giant, exiting one of its most profitable units
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Two Jump Trading stars are leaving the quant giant, exiting one of its most profitable units
"Yiming and Darko were instrumental in Jump's growth over the last 17 years, and we'll be forever grateful for that. They will be friends of the firm forever."
"He has had as much fun as any human in research has ever had at Jump Trading's jcs group, one of the biggest market makers on the planet."
"Interestingly, for more than a decade the group has been running probably the largest machine learning operation in the world unbeknownst to most."
"Jump had its best quarter on record, one person familiar with the matter told Business Insider."
Yiming Zhang and Darko Kirovski, key researchers at Jump Trading, have resigned after long tenures. They were pivotal in the success of Jump Core Strategies, a leading unit in high-frequency trading. Jump cofounder Paul Gurinas expressed gratitude for their contributions. Kirovski noted his enjoyment in research at Jump, highlighting the firm's extensive machine learning operations. Jump Trading has seen substantial growth, particularly since the pandemic, benefiting from market volatility and achieving record profits. The firm has expanded its workforce significantly in recent years.
Read at www.businessinsider.com
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