Jane Street, a high-speed trading firm, reported a significant increase in trading revenues at the start of 2024, with first-quarter earnings more than doubling to $4.4 billion compared to the previous year. This follows a robust performance in the previous year, where the firm generated $10.6 billion in net trading revenue. The firm's growth has been attributed to its dominant role in the market-making sector and its significant involvement in ETF authorized participant work, contributing to 24% of all credit/redemption in ETFs. Notably, Jane Street's revenue per employee was $4.24 million, outperforming other major firms like Citadel Securities and tech giants such as Apple and Nvidia.
Revenue / Employee (TTM): Jane Street - $4.24M Citadel Securities - $4.16M Apple - $2.40M Nividia - $2.06M Microsoft - $1.03M Amazon - $0.38M
Jane Street executing better than Citadel? Jane Street Group LLC generated $10.6 billion in net trading revenue last year one of many big numbers demonstrating its presence as a major market maker eyeing ever-more growth.
Jane Street made $10.6b in trading revenue last year.. some of that from ETF AP work, they do 24% of all cr/rd in ETFs, massive.. https://t.co/4Csw2xPS07 via @markets
Good grief. After taking in $10.6bn last year Jane Street took in another $4.4bn in the first three months of 2024. https://t.co/bNe5bWAFx2 https://t.co/WkhdJ2Zfom
Jane Street generated $10.6 billion in net trading revenue last year, as the proprietary-trading firm continues to cement its presence as a dominant market-maker https://t.co/SA3w76SYxr
High-speed firm Jane Street raked in trading revenue at start of 2024 https://t.co/KyWZJiwacv
High-speed trading firm Jane Street generated a surge in activity at the start of 2024, with Q1 2024 trading revenues more than doubling from the year prior to $4.4bn. Scoop here https://t.co/MXsT9vtz8u
*JANE STREET SCORED $10.6 BILLION NET TRADING HAUL LAST YEAR nice
JANE STREET SCORED $10.6 BILLION NET TRADING HAUL LAST YEAR that's a lot of bitcoin frontrunning