How Jump Trading and Jane Street print
HFT and principal trading. Crypto and traditional. Speed is the product.
Trading P&L. There is no SaaS attach. The desk is the product.
The mix
Hover a slice
Jump Trading
Chicago. The engineer is next to the trader.
Pays: Markets.
Builds: SWE, FPGA, QR. The stack is the edge.
Jane Street
They buy and sell. The researcher and the engineer are the same bet.
Pays: Markets. Other desks. Nobody 'subscribes.'
Builds: QR, QT, and SWE on the same floor. The book is the firm.