Jane Street made $10 billion in trading revenue in a single quarter.
For scale reference- thats more than Goldman, JP Morgan, Citi, or Bank of America managed in the same period They got banned from India’s stock market last year for manipulating a national index. They seized $570 million and called them “not a good faith actor that deserves to be trusted” Today they’re being sued for insider trading that helped trigger the $40b Terra collapse. And because they’re classified as a trading firm and not a hedge fund, they’re exempt from the disclosure rules that would force them to show you how they actually make their money. This is also the firm that handles BlackRock’s bitcoin ETF, btw
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Jane Street made $10 billion in trading revenue in a single quarter.
For scale reference- thats more than Goldman, JP Morgan, Citi, or Bank of America managed in the same period
They got banned from India’s stock market last year for manipulating a national index. They seized $570 million and called them “not a good faith actor that deserves to be trusted”
Today they’re being sued for insider trading that helped trigger the $40b Terra collapse.
And because they’re classified as a trading firm and not a hedge fund, they’re exempt from the disclosure rules that would force them to show you how they actually make their money.
This is also the firm that handles BlackRock’s bitcoin ETF, btw