2 ms·
Jane Street made it's way into today's Wall St Journal for its quantitative prowess and hiring of Math PhD's. What was stunning to hear was that their 2nd quart
by markoman 2mo ago
Jane Street made it's way into today's Wall St Journal for its quantitative prowess and hiring of Math PhD's. What was stunning to hear was that their 2nd quarter profits were a record $10.3 billion, nearly double that of Goldman Sachs and Morgan Stanley (much larger firms).
- j_walter 2mo agoThey made money through extreme manipulation of the Indian stock market...when working with a market that has 422X leverage through derivatives its much easier to make money. https://www.youtube.com/watch?v=VhqosmgfGR0 https://www.youtube.com/watch?v=VhqosmgfGR0
- erikig 2mo agoMarket-making in a market that is highly speculative and illiquid isn’t the same as market manipulation though.