Earlier this year, when bitcoin funds started to be launched on Wall Street, there was only one company that showed good interest in them. His name was Jane Street. This was an indication of how Jane Street had sensed the opportunity to make profits and invested in a new type of funds. Jane Street is one of the highest -earning trading firms. On July 3, everyone came to know about Jane Street when SEBI banned it.
Under 2024 in consecutive year, $ 10 billion revenue
2024 was the fourth consecutive year when Jane street Had received a revenue of $ 10 billion from trading. According to data from Coalition Greenwich, Jane Street’s gross trading revenue was $ 21.9 billion last year, which is more than 14 per cent of the total revenue of global investment banks larger than equity, bonds, currency and commodity trading. Experienced analyst Larry Tab says that it is difficult to guess the profit that it earns (Jane Street).
Strategy of more risk for more returns
According to the tab, many people do not even want to touch the instruments through which Jane Street Earns Profit. This means that the profit in these instruments is more but the risk is also very high. However, Jane Street does not matter. In the first six months of 2024, the company’s trading revenue rose 78 per cent to $ 8.4 billion in the first six months of 2024. If the revenue of Jane Street has been good in the second half of 2024, it means that its trading revenue has been more than legendary companies like Goldman Sachs last year.
Blackstone and Blackrock can earn more
Jane Street has told the investors about 70 percent profit margin from their documents. If the company maintains this profit margin, it means that this year its earnings will be more than veteran PE firms like Blackstone and Blackrock. Jane Street has more strength in the market market. This market has been occupied by large banks for a long time. Jane Street has made it possible to make a place in this market.
Jane Street started in 2000
Jane Street was started in 2000 by a former IBM developer and some traders. In the first two decades, it was covered in the camp of big players in the market. It first started trading in American Depository Receues. Then it had a small office, which did not even have a window. Soon it started betting on options and ETFs. When Jane Street started betting on ETF, it had a $ 70 billion asset. Today this company trades in 46 countries of the world.
