Jump Trading Group, one of the world’s biggest proprietary trading firms, has declared to start a unit for the execution of individual investor stock orders, a business that has proved immensely profitable for electronic traders after the meme-stock mania ignited an outbreak in U.S. retail volumes.
According to the Wall Street Journal report, Executives at Jump are planning to set up a ‘retail wholesaler business’. The wholesalers will be responsible for buying and selling orders for the customers of online brokerage firms such as Charles Schwab’s, TD Ameritrade and Robinhood Markets Inc.
The Chicago-based High-Frequency Trading Group is a massive name in the global markets. The firm is active on futures, options and stock exchanges around the world and is a major trader of Treasuries and cryptocurrencies. As revealed by the firm, there has been plans to execute retail equity orders for a very long time, way before meme-stock mania, and now it has finally declared to launch a s
Źródło: https://coingape.com/jump-trading-group-plans-execute-retail-equity-orders/
