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In today's edition of Pro Panorama: Global flash PMIs paint a mixed picture, what India VIX crash suggests, regulatory cloud for FMCG, AI as a magic bullet and more
Jane Street claimed it earned about $1 billion in revenues from the strategy in calendar 2023. If all of it came from India, then JSI Investments would easily rank as the biggest profit-making algorithmic trading firm operating out of India
With details of the strategy remain murky and the case reveals how profits are being made by secretive high-speed trading firms that soared over the past decade, other Jane Street competitors have all been expanding in India.
Jane Street had sued Millenium Management and two former employees, Douglas Schadewald and Daniel Spottiswood earlier in April, for allegedly stealing a “highly valuable, unique, and proprietary” trading strategy
Move over, Nvidia! Wall Street's most-prominent billionaire investors are dumping the artificial intelligence (AI) kingpin in favor of two other industry leaders.