Jane Street strengthens D-St presence with Rs 4.3 crore job offer to IIT Madras student. All you need to know
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Mumbai: The quarter-century-old Jane Street Capital, one of Wall Street's leading market-makers that helped boost global bond-market liquidity through the initial Covid months, was a relatively unknown securities trader in India until recently when it became known its equity-derivatives trades in Mumbai had garnered $1 billion in profits. Local popularity of the high-frequency trading (HFT) firm soared further after the New York-based entity, which trades multiple asset classes worth hundreds of billions of dollars, made a ₹4.3-crore job offer to a student from IIT Madras. Here's a look at how and why a hitherto publicity-shy Wall Street firm is going all out to build its presence on Dalal Street, among the top five capital markets in the world. What does Jane Street Capital do? It's a fast-growing firm that uses complex computer programmes to trade across markets, asset classes and instruments, including derivatives and excha...