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2020 History of Jane Street Case Study

Research and Markets
·3-min read

Dublin, Sept. 21, 2020 (GLOBE NEWSWIRE) -- The "Case Study: History of Jane Street" company profile has been added to ResearchAndMarkets.com's offering.

Among the global roster of proprietary trading and non-bank market making firms, the publisher has identified twelve that epitomize the successful navigation of the contemporary gauntlet required to achieve scale.

For now, the point is to remain focused on the objectives - the DNA - of a successful scaling strategy under conditions of finite alpha capacity and WTA competitive dynamics: The inventory of suitable products. The liquidity spectrum of those suitable products. A favorable disposition to a myriad of fleeting information asymmetries. And, a favorable disposition to volatility [which has little in common with information asymmetries given our post-Global Financial Crisis (GFC) era of aggressive interventionism].

The only aspect of these objectives that can be controlled in service of growth is one's response to them. Like a stem cell, processing - a maniacal sensitivity to detail - is the source of all responses; and thus - in this game - all competitive advantages. Among the upper echelon of firms in this space, the publisher ranks Jane Street among the top three.

Scope of Jane Street

What originally appears to have started out as Henry Capital in August 1999, has become one of the most successful proprietary trading firms in the world today. It's a very short list of those who have forged success across regions, product and asset classes, strategies - and time.

Not much is known about the origins of Jane Street - officially or unofficially among the mythologies that tend to travel the backchannels of trading lore - other than occasional media reports about its prowess as one of the largest ETF market makers. Though some mythologies - as if fossilized in amber - have been suspended in time due acquisitions, those that remain can be roughly bifurcated between those where the founders contributed, wittingly or unwittingly, to the mythology and those who did not. Think Ken Griffin, Jim Simons, or Cliff Asness in the contemporary cases where the founder has become synonymous with the brand. And then, try to conjure up the founders of Susquehanna International Group (SIG). For most, you can't do it.

Key Topics Covered:

1. Introduction

  • Top Proprietary Firms

  • Scope Of Jane Street

  • Data Sample

  • Research Mission

  • Glossary

2. Table Of Contents

3. Table Of Exhibits

4. Landscape

  • Alpha Capacity Elasticity

  • Historical Perspective

  • Key Landscape Drivers

5. Storyboard

  • European Risk

  • US Risk

  • US Equity Strategies

  • US Option Strategies

  • Select Competitor Analysis

  • Revenue Estimation Model

6. Conclusion

  • Making Market History Market Making

  • Next Steps

7. Vignettes

  • Speed: Implied Strategy Turnover Frequency

  • Position Concentration Risk

  • Cryptocurrency Trading

  • Focus On GFC

  • OTC Derivatives

  • Global Balance Sheet

  • Enterprise Value

8. Supplemental Exhibits

  • European Entities: Operations

  • US Entities: Trading And Operations

Companies Mentioned

  • Jane Street Group, LLC

  • Jane Street Capital, LLC

  • Jane Street Options, LLC

  • Jane Street Global Trading, LLC

  • Jane Street Execution Services, LLC

  • Jane Street Europe Ltd

  • Jane Street Financial Ltd

  • Jane Street International Trading Ltd

  • Citadel Securities, LLC

  • Citadel Securities (Europe) Ltd

  • Susquehanna International Group, LLP

  • Susquehanna Securities, LLC

  • Susquehanna International Securities Ltd

  • G1 Execution Services, LLC

  • Two Sigma Investments, LP

  • Two Sigma Securities, LLC

  • Two Sigma Securities UK Ltd

  • Virtu Financial, Inc.

  • Virtu Americas, LLC

  • Virtu Financial BD, LLC

  • Virtu Financial Ireland Ltd

  • Flow Traders BV

  • Flow Traders US, LLC

  • Hudson River Trading, LLC

  • HRT Financial, LLC

  • Hudson River Trading Europe Ltd

  • Tower Research Capital, LLC

  • Latour Trading, LLC

  • Tower Research Capital Europe BV

  • Optiver BV

  • Optiver US, LLC

  • Optiver UK Ltd

  • IMC Trading BV

  • IMC-Chicago, LLC

  • DRW Securities, LLC

  • DRW Europe Derivatives BV

  • DRW Holdings, LLC

  • DRW Investment (UK) Ltd

  • Gair Loch Enterprises Ltd.

  • Jump Trading, LLC

  • Jump Trading Europe BV

For more information about this company profile visit https://www.researchandmarkets.com/r/yutokk

Research and Markets also offers Custom Research services providing focused, comprehensive and tailored research.

CONTACT: CONTACT: ResearchAndMarkets.com Laura Wood, Senior Press Manager press@researchandmarkets.com For E.S.T Office Hours Call 1-917-300-0470 For U.S./CAN Toll Free Call 1-800-526-8630 For GMT Office Hours Call +353-1-416-8900