3 ms·

What's $10bn less short term cap gains taxes less $4bn?

• pcthrowaway 4y ago
  IIUC you don't pay capital gains when you're operating a trading firm, you keep a balance sheet and subtract losses from gains
  • kolbe 4y ago
    This is true for some asset classes. I cannot speak to crypto, though.
• wbl 4y ago
  You don't trade your money. You trade the clients money and take 2% of the assets and 20% of the gains. Notice the customers don't have yachts.
  • carnitine 4y ago
    Jump is a prop trading firm so this is just completely wrong, they only trade their own money.
  • lima 4y ago
    Prop trading firms usually trade their own money.
  • yhat1136 4y ago
    Jump Trading, like most other HFT firms do not take client money. They trade only the owner's personal capital.