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24.04.26 - 19:09
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Jane Street Made A Record $40 Billion In Trading Revenue Last Year, More Than All Wall Street Banks (ZeroHedge)
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Jane Street Made A Record $40 Billion In Trading Revenue Last Year, More Than All Wall Street Banks
The 10am slam in bitcoin, which we documented virtually every days since 2024 may have ended once Jane Street got busted for insider trading in the Terraform collapse, but that doesn't mean that the Wall Street HFT trading giant slowed down. On the contrary: according to Bloomberg, Jane Street Group reeled in a Wall Street record $39.6 billion of trading revenue last year, more than any Wall Street bank.
According to the report, the firm beat out all global investment banks after reaping $15.5 billion in the year's final quarter, and with only 3,500 employees, it beat nearest rival JPMorgan by 11% during the year. The company's adjusted ETBIDA for the full year was a stunning $31.2 billion.
While Jane Street's profits were lifted by surging valuations of its stakes in privately held companies, the firm's main business matching buyers and sellers across assets thrived on bouts of market v...
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