The Vienna Stock Exchange has added Jump Trading Europe B.V. as its newest international trading member. This move marks a significant addition to the exchange's list of members, now totaling 70, with 21 Austrian and 49 international banks and securities firms in its network. Jump Trading has branches in Amsterdam, Bristol, London, and Paris.

Expanding Global Reach

Christoph Boschan, the CEO of the Vienna Stock Exchange, mentioned: "We welcome Jump Trading to the Vienna Stock Exchange and are pleased to strengthen our global reach. The majority of the trading turnover is generated by international trading participants."

According to the press release, over 85% of the equity turnover on the Vienna Stock Exchange is attributed to international trading members. Notably, Germany, France, and Ireland contribute the most significant shares of turnover, with the top trading participants in 2023 including Morgan Stanley, Goldman Sachs, and JP Morgan Securities.

Welcome @jumptrading on the Vienna Stock Exchange! As of today, the global #research and #technology-driven trading firm will participate in #trading at #WienerBoerse. 📈 More details in our press release: https://t.co/eVucA5ImcM#stockexchange #capitalmarket pic.twitter.com/VYDv2bI0fq

— Wiener Börse AG (@wiener_boerse) March 15, 2024

Jump Trading's listing on the Vienna Stock Exchange is aimed at tackling regulatory scrutiny in some of its global markets. Last year, Robinhood severed ties with Jump Trading, signaling a potential exit from the crypto sector in the US. This move happened amidst growing regulatory scrutiny and Robinhood's re-evaluation of its crypto offerings.

Jump Trading's Withdrawal from US Crypto Trading

Jump Trading, once a key partner for Robinhood's crypto trading, decided to step back from the US crypto market. This decision followed a wave of regulatory crackdowns in the industry, prompting several major players to reassess their involvement in digital assets. Unlike traditional crypto exchanges, Robinhood relies on market-making firms like Jump Trading to facilitate commission-free crypto trading.

The dissolution of the partnership with Jump Trading happened at a pivotal time for Robinhood, as the company grappled with declining revenue from crypto trading. In the second quarter of 2023, Robinhood's crypto revenue dropped 18%, reflecting broader challenges in the industry.