Chopper was founded in 2002 by Raj Fernando, getting its start in fixed-income trading, according to its website. The firm, with more than 250 employees, wagers its own money and doesn’t manage client or shareholder money. Its headquarters are in the Chicago Board of Trade building, with additional offices in New York, London, San Francisco and Washington.
The company trades “every major asset class,” according to its website. “Chopper believes in responsible market participation with fair and evenly applied standards that increase transparency, stability and efficiency in the market.”
Jump was founded by Bill DiSomma and Paul Gurinas, who started their careers as floor traders, according to the company’s website. During the 1990s, they traded deutsche mark and Standard & Poor’s index contracts. As trading shifted to electronic venues at the end of the decade, they started Jump.
“They knew that in order to be successful in electronic trading they would need to create the best trading strategies and have the foresight to take advantage of the latest technologies,” according to the website. “This philosophy continues to drive our firm and keeps us at the forefront of algorithmic trading.”
The firm now has more than 350 people with locations in New York, Chicago, London and Singapore. more »
