61–70 of 134 posts
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/
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.
No, even better: they're still up $40B for the year.
Original headline is "Jane Street suffers $15bn loss in July market ructions". HN guidelines do request use of original title and in this specific case the change of title is misleading by implying that situational awareness directly caused losses at JS. In the text it says "the US trading firm was wrongfooted during last month’s market ructions including the meltdown at AI-focused hedge fund Situational Awareness" s…
Correlation is not causation.
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.
Their nerd sniping is top notch. I almost accidentally applied for a job with them.
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..
Earlier quoted context omitted.
Not all sarcasm is insulting, my dude
“Be kind. Don’t be snarky.” is literally the first guideline in the “on comments” section.
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.
Obviously I'm not entitled to a job, so no hard feelings on that, but it's a little sad because I have always been a big functional programming nerd and it would be fun to work with Ocaml libraries. The fact that they pay really well is also appealing...
Earlier quoted context omitted.
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.
Earlier quoted context omitted.
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..
Isn’t Ken Griffin still considered very clever? Citadel is one of the most successful hedge funds of the is era and has largely accelerated since 2020.