Summary
TLDR: Higgs from Jump believes in giving all software to customers, reducing themselves to a vendor/supplier relationship for code updates only. This allows customers to be fully independent and helps with regulatory oversight.
Key Points
1. By providing all the software to the customer side, Jump Trading reduces itself to a simple vendor/supplier relationship, allowing customers to run everything independently and minimizing the need for constant involvement from Jump Trading.
2. This approach alleviates regulatory oversight concerns for firms like Jump Trading, as customers have full control over their operations and do not require Jump Trading to sign or make changes on a day-to-day basis.
3. Customers benefit from a more streamlined and efficient process, as they have the autonomy to manage their software and operations without relying heavily on external support from Jump Trading.