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Jump Trading to set up dark pool trading team in London, source says

First Published 13th May 2013

Jump Trading wants to take advantage of opportunities for equities dark pool trading, a source tells Automated Trader

London - Jump Trading, one of the world's largest proprietary trading firms, is assembling a trading team in London to take advantage of dark pool trading opportunities in the equities space, according to a person familiar with the matter.

The firm is seeking to connect to a number of dark pools in a bid to arbitrage between different venues by measuring latency differences, which allows traders to predict future price moves on comparatively slower venues.

"This is a really interesting move and other shops could follow suit soon," said this person.

The company did not respond to a request for comment.

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