What is Jane Street doing these days? Still HFT MM?
Usually ripping off retail investors - https://www.bbc.com/news/articles/c5y0zgrevl1o
Jane Street suffers $15B hit after meltdown at Situational Awareness
111–120 of 134 posts
Re: Jane Street suffers $15B hit after meltdown at Situational Awareness
#112Earlier quoted context omitted.
The millisecond-term zero sum game is part of what allows for a positive sum long term. For example, zero fee trading was pioneered by Robinhood and only possible because of payment for order flow, and as a result it's virtually unheard of now for retail to be paying per transaction. Now more retail investors can participate and everyone benefits. You can also point to lower spreads and faster execution as direct ben…
Or you could just hold auctions a few times per day and eliminate the billions of dollars spent trying to win a pointless race.
Then the real trading will just move to hyper liquid or another platform that allows trading in real time.
Re: Jane Street suffers $15B hit after meltdown at Situational Awareness
#113Earlier quoted context omitted.
facepalm Way to double down on being a dick, dude.
Just trying to help you have some self awareness... Calling me a dick seems to violate the kindness rule you are about so much. Don't the guidelines say you should not comment and move on?
> Just trying to help you have some self awareness...
Doctor, heal thyself.
Re: Jane Street suffers $15B hit after meltdown at Situational Awareness
#114Earlier quoted context omitted.
Just trying to help you have some self awareness... Calling me a dick seems to violate the kindness rule you are about so much. Don't the guidelines say you should not comment and move on?
> Just trying to help you have some self awareness... Doctor, heal thyself.
Sir, one of us has repeatedly brought up the other's alleged violations of guidelines, while repeatedly violating them himself. You are an arrogant hypocrite.
As a sometimes arrogant non-hypocrite who has that self awareness, I feel I am well positioned to help you notice yourself in the mirror.
Re: Jane Street suffers $15B hit after meltdown at Situational Awareness
#115Earlier quoted context omitted.
Yeah, the stock market may be positive sum over the long-term, but it's certainly zero sum over the millisecond-term. Whether it's "retail" or "institutional" that is paying for HFT profits, it's all retail in the end.
The millisecond-term zero sum game is part of what allows for a positive sum long term. For example, zero fee trading was pioneered by Robinhood and only possible because of payment for order flow, and as a result it's virtually unheard of now for retail to be paying per transaction. Now more retail investors can participate and everyone benefits. You can also point to lower spreads and faster execution as direct ben…
> zero fee trading
Such wonderful marketing terminology.
That’s not actually free, the cost of trading with less information is quite high.
Re: Jane Street suffers $15B hit after meltdown at Situational Awareness
#116Earlier quoted context omitted.
> Just trying to help you have some self awareness... Doctor, heal thyself.
Sir, one of us has repeatedly brought up the other's alleged violations of guidelines, while repeatedly violating them himself. You are an arrogant hypocrite. As a sometimes arrogant non-hypocrite who has that self awareness, I feel I am well positioned to help you notice yourself in the mirror.
Re: Jane Street suffers $15B hit after meltdown at Situational Awareness
#117Earlier quoted context omitted.
> like Jane Street wanted in on the popular boy's book that they knew was going to tank This is completely illogical. If they knew it was going to tank, they wouldn’t invest. As conspiracy theories go, this one doesn’t even have a leg to stand on.
One theory (I don’t necessarily believe it): Jane Street was after the private part of SA’s portfolio (Anthropic), which is difficult to come by. Losing a few million dollars investing and getting in that network was worth it for them to try to groom Leopold to eventually sell them the private stake
But the private stake was sold to the highest bidder and Jane Street didn’t get it. It was always going to be shopped around if this situation occurred.
Re: Jane Street suffers $15B hit after meltdown at Situational Awareness
#118Earlier quoted context omitted.
Sir, one of us has repeatedly brought up the other's alleged violations of guidelines, while repeatedly violating them himself. You are an arrogant hypocrite. As a sometimes arrogant non-hypocrite who has that self awareness, I feel I am well positioned to help you notice yourself in the mirror.
facepalm https://thenib.com/mister-gotcha/
Egads, you got me! A half-relevant comic that, when posted, excuses and justifies all hypocrisy by the poster...I want you to know, I'm devastated right now. Just devastated. Gosh, I never would have pointed out your arrogance and rudeness if I knew you possessed such a powerful tool.
Re: Jane Street suffers $15B hit after meltdown at Situational Awareness
#119Earlier quoted context omitted.
Net revenue generally means profit. Although I believe this also includes unrealized gains. Basically profit from trading before they pay for salaries and office rent and all that jazz.
Not profit then at all is it? As I said
It’s trading profit. No one is counting their gains from a trade while including their rent into it.
It’s a much easier to understand metric when you are discussing losses on a trade. No one is calculating losses including salaries.
It means Jane Street is still highly profitable in trades this year despite making a bad bet. If they have overhead that eclipses that, that is an entirely different metric.
Re: Jane Street suffers $15B hit after meltdown at Situational Awareness
#120Earlier quoted context omitted.
facepalm https://thenib.com/mister-gotcha/
Egads, you got me! A half-relevant comic that, when posted, excuses and justifies all hypocrisy by the poster...I want you to know, I'm devastated right now. Just devastated. Gosh, I never would have pointed out your arrogance and rudeness if I knew you possessed such a powerful tool.
facepalm
Look, dude. At this point two of your most aggressive comments have been downvoted and killed. That is additional community feedback you should be paying heed to, and it’s clear that you’re just not getting the message. Instead you just keep doubling down.
Take the L and move on. If you think you’re still in the right, show this thread to your spouse (if you have one), parents, manager, and trusted friends who will give you unvarnished feedback, and see what they say.
Consider also that of all the replies to my original comment, yours is the only one that responded with indignity out of a misplaced belief that I was humblebragging.
I’m through with this discussion.