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Staff costs weigh on Jump's UK profits

Chicago-based high-frequency trading firm has invested heavily in its London business over the past 18 months

A threefold increase in staff costs at Jump Trading International, the European division of the Chicago-based proprietary trading firm, caused a slump in its net profits last year.

Accounts filed with Companies House this week show an 86% fall in net profits at Jump Trading International to $1.2 million for the year ended December 31, 2012, from $8.1 million a year previous.

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