4 ms·
> There is a difference between trading firms with good tech (Jane Street) and firms taking prop risk (DE Shaw) What do you mean by this? What is DE Shaw doing
by MichaelDickens 4y ago
> There is a difference between trading firms with good tech (Jane Street) and firms taking prop risk (DE Shaw)
What do you mean by this? What is DE Shaw doing that Jane Street isn't?
- skippyboxedhero 4y agoDE Shaw takes directional risk. They have a lot of conventional strategies iirc (distressed debt, credit, etc.). Jane Street does a lot of ETF AP and other strategies that optimize for technology (afaik).
- blitzar 4y agoAlameda is/was strategies that optimize for technology, arbitrage etc. But with a massive one way directional long bet over the top. Run by people with 1-2 years experience in shops that run a market neutral profile , in an environment where they believed the underlying asset goes up every single day.