Jane Street records $16.1 billion first-quarter trading revenue as profits double
Updated
Updated · Reuters · May 8
Jane Street records $16.1 billion first-quarter trading revenue as profits double
9 articles · Updated · Reuters · May 8
The New York market maker posted $10.3 billion in profit, with revenue up more than 40% year on year, according to people familiar with the results.
Performance was driven by quantitative medium-frequency strategies and gains in stakes in AI companies including Anthropic and CoreWeave amid volatile first-quarter markets.
Jane Street, a 3,500-employee firm active on more than 200 trading venues, extended its lead over rivals as war-linked market turmoil also lifted trading revenues at major US banks.
Amidst record profits, can Jane Street's trading empire withstand its growing legal battles?
Is Jane Street's AI edge from superior trading models or just its valuable tech investments?
Does Jane Street's dual market role create unavoidable conflicts that threaten market fairness?