There's been a shake-up at secretive trading firm Jump Trading
- Steve Hunt, chief technology officer of Jump Trading, is leaving the firm.
- Hunt spent more than 10 years with the trading firm, according to his LinkedIn page.
- Samuel Tegel, head of liquidity strategy at the firm has also left.
Steve Hunt, the chief technology officer of Chicago-based trading firm Jump Trading, has left the firm, according to the company.
Hunt's tenure with Jump, a trading firm with offices in Chicago, New York, London, and Singapore, has spanned more than 10 years, according to his LinkedIn page. Before joining the firm in 2007, Hunt was a vice president at Goldman Sachs.The firm is not looking for someone to replace Hunt, according to a person familiar with the situation.
Samuel Tegel, the firm's head of liquidity strategy, has also left, the company said.
Jump, founded in 1999, describes itself as a "privately-funded company that is owned and managed by trading professionals who have set high standards around trust and leadership in a quantitative trading environment." It has more than 500 employees, according to its LinkedIn page.
It's known for its ultra high-speed trading strategies, but it's also been developing what it calls a "lower frequency trading strategy," and it also has a venture arm called Jump Capital. It's also known for its secrecy, with little information on the firm available on its website.
Times have been tough for trading firms like Jump, which tend to thrive when there's market volatility. 2017 just hasn't had the surprising whipsaw market moments that 2016 did, such as Brexit and the election of US president Donald Trump.
Hunt did not respond to messages seeking comment.