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Jane Street’s trading revenues almost doubled last year and boomed during the tariff-induced turmoil of the first quarter of 2025, as the company generated profits rivalling those of Goldman Sachs and Morgan Stanley.
The group, which operates in equity and fixed income markets, generated $20.5bn of net trading revenues in 2024, up 94 per cent from 2023, according to people familiar with the matter.
Trading levels at Jane Street surged further in the first quarter, as Donald Trump’s tariff proposals unleashed chaos in markets.
The company expects to report net trading revenues of about $7.2bn in the first quarter, up more than 60 per cent from the same period a year ago.
The results show Jane Street’s growing power in global markets, as it elbows into a business once dominated by traditional Wall Street heavyweights. The company earned $12.96bn of net profit last year, up from $5.9bn in 2023.
Jane Street did not immediately respond to a request for comment.
This is a developing story
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