According to ME News, on September 5 (UTC+8), Jump Trading is expanding its office presence in Hong Kong, joining major proprietary trading firms like Jane Street and IMC Trading in making significant bets on Asia’s financial hub. Jane Street is reportedly expanding to six floors spanning over 110,000 square feet in Hong Kong, while IMC Trading is also growing its operations there. Jump Trading is actively recruiting in Hong Kong to build a statistical arbitrage trading team focused on medium- to low-frequency strategies, led by Zoey Zhao, formerly of Citadel Securities, targeting candidates with STEM backgrounds and experience in quantitative research and machine learning. Jump Trading recently leased 99,305 square feet of office space in New York in May this year, indicating it is pursuing global expansion rather than merely relocating resources. (Source: PANews)
Jane Street and Jump Trading Expand Offices in Hong Kong
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Summary
Jane Street and Jump Trading are expanding in Hong Kong, with arbitrage trading a key focus for Jump’s new team led by Zoey Zhao. Jane Street now occupies six floors totaling over 110,000 square feet. IMC Trading is also increasing its presence in the city. Value investing in crypto is gaining momentum as more firms target Asia’s growing markets.
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