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Jane Street suffers $15B hit after meltdown at Situational Awareness

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Re: Jane Street suffers $15B hit after meltdown at Situational Awareness

#51

Post by fancyfredbot »

bmitc wrote: post #40
otterley wrote: post #11

They're still up $25B for the year, so it's hard to feel bad for them :-) On a more serious note, Jane Street has hired some very impressive technical talent. I'd work for them, myself, if I didn't have to relocate to Chicago.

I don't think they even have a Chicago office, so it's good you didn't relocate there. They're based in New York. https://www.janestreet.com/culture/our-offices/

Elsewhere on their website:

"Jane Street has offices in some of the world’s most dynamic cities, including a presence in Amsterdam, Chicago, Hong Kong, London, New York and Singapore."

https://www.janestreet.com/culture/benefits/?office=nyc&view... (scroll down)

Re: Jane Street suffers $15B hit after meltdown at Situational Awareness

#53

Post by jxf »

The real headline is buried in the article:

> Jane Street has generated more than $40bn in net trading revenues in the year to Friday, even accounting for the July loss, which exceeds its entire haul for 2025, according to one of the people familiar with the matter.

This would make JS one of the most profitable trading firms of all time even with the loss.

Re: Jane Street suffers $15B hit after meltdown at Situational Awareness

#54

Post by catchnear4321 »

lz400 wrote: post #12

It's all so sketchy. Jane Street were investors in SA but presumably were much more sophisticated and savvy than Leopold. When SA got in trouble, 3 firms got into a bid war for the assets at fire sale prices: Citadel, Jane Street and a third I forgot. Citadel outbid the other 2, but it's all weird, like Jane Street wanted in on the popular boy's book that they knew was going to tank and just were waiting around in th…

is it unreasonable to say that Jane Street was simply paying a small price for some situational awareness?

Re: Jane Street suffers $15B hit after meltdown at Situational Awareness

#56

Post by bflesch »

jxf wrote: post #53

The real headline is buried in the article: > Jane Street has generated more than $40bn in net trading revenues in the year to Friday, even accounting for the July loss, which exceeds its entire haul for 2025, according to one of the people familiar with the matter. This would make JS one of the most profitable trading firms of all time even with the loss.

Are they "trading" or "high-frequency-ripping-off-retail-investors"?

It's easy to make paper billions with synthetic shares and infinite deadline extensions for settlement. I'm old and still remember when Ken Griffin was lauded a clever person before he got caught with his hands in the GME mayo jar..

Re: Jane Street suffers $15B hit after meltdown at Situational Awareness

#57

Post by otterley »

0xbadcafebee wrote: post #49
otterley wrote: post #34

Earlier quoted context omitted.

Knock it off. These sorts of responses are uncalled for. Please review the HN Guidelines.

Not all sarcasm is insulting, my dude

“Be kind. Don’t be snarky.” is literally the first guideline in the “on comments” section.

Re: Jane Street suffers $15B hit after meltdown at Situational Awareness

#60

Post by loeg »

bflesch wrote: post #56
jxf wrote: post #53

The real headline is buried in the article: > Jane Street has generated more than $40bn in net trading revenues in the year to Friday, even accounting for the July loss, which exceeds its entire haul for 2025, according to one of the people familiar with the matter. This would make JS one of the most profitable trading firms of all time even with the loss.

Are they "trading" or "high-frequency-ripping-off-retail-investors"? It's easy to make paper billions with synthetic shares and infinite deadline extensions for settlement. I'm old and still remember when Ken Griffin was lauded a clever person before he got caught with his hands in the GME mayo jar..

> Are they "trading" or "high-frequency-ripping-off-retail-investors"?

HFT doesn't cost retail investors anything.

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