Jane Street

“We” Were Wrong About Jane Street

"Two wrongs may not make a right, but a thousand wrongs make a writer." - Dennis Miller "If you're not making mistakes, then you're not doing anything." - John Wooden   In my last in-person meeting of the B.C. (Before Coronavirus) era, a noted Chicago hedge-fund-slash-market-making C-suiter told me: "You're just making this stuff up..." Answer: "Well, yes - yes I am. Based on an interpretation of an assembly of data supplied by you - and others..." There is no roadmap here, other than the one that is constantly being course-corrected in my head. No textbook. No lexicon. No Ivy League curricula to provide structure or Council of Elders to guide. Just the kind of seemingly unending puzzle-solving exercise to soothe a delusional level of puzzle-solving desire... And, the feedback loop supplied by you - Feed readers, subscribers and clients, alike - that informs a faint sense of navigation. With that, "we" are just making stuff up: Inventing language and pictures - and the stories that seem to fit well [...]

By |2020-10-05T16:07:36-04:00April 15th, 2020|For Subscribers|

Gearing up for Jane Street

“Two roads diverged in a wood, and I—I took the one less traveled by, And that has made all the difference.” - Robert Frost   Jane Street is one of the most exciting players among the roster of proprietary market making firms in the entire trading ecosystem. What began in 2000 as Henry Capital, with memberships on the American Stock Exchange and Midwest Stock Exchange, today sports a broad global footprint and continues to solidify its legendary status among those that trade for their own account. As such, Jane Street is the subject of our next comprehensive case study to be published in the coming weeks. This post is an appetizer for that... Until next time...

By |2020-08-17T07:14:02-04:00March 10th, 2020|For Subscribers|