$20B in Profits in 6 Months…Could You Trade Like Jane Street?
@Tiger_comments:
In 2000, a little-known proprietary trading firm was founded—Jane Street Capital. Last year marked the fourth consecutive year Jane Street achieved net trading revenue over $10 billion, and in the first half of this year, it made $20 billion in profits, easily outperforming giants like Goldman Sachs.Jane Street uses its own capital and technology-driven trading strategies (complex algorithms for risk management and exploiting market opportunities) to become a major player in the quantitative trading world.And here’s a fun fact: this highly profitable firm pays its interns $250,000 per year, while the Federal Reserve Chair’s salary is $203,500. In other words, Powell earns less than a Jane Street intern.You may not know this company, but it frequently makes headlines. For example:On January