"Secret" and high-tech trading company Jane Street is flipping bitcoin
This week, global proprietary trading company Jane Street Capital recently announced that it has traded BTC. Jane Street said it is often referred to as one of Wall Street's most secretive investment companies, and if cryptocurrencies continue to increase, they are expected to participate.
'Secret' and high-tech trading company Jane Street is flipping bitcoin
Trading company Jane Street operates in New York City, London and Hong Kong, and the company actively trades stocks, bonds, futures, options and other investments valued at $8-13 billion. Jane Street claims to execute more than 1Mn transactions per day. The New York Times once referred to Jane Street as one of the secret companies that handle large volumes of transactions. The news media called the traders "doctoral coders", which specialize in a large number of carry trades. According to the insider of the business, the company explained that it is now BTC trading.
The arbitrage opportunities in the world of cryptocurrency and bitcoin are very attractive for companies like Jane Street, because the spreads on different trading platforms can be very high. The arbitrage opportunities between each trading venue of the global BTC exchange may be as high as 10%. Jane Street did not provide any details on how it traded BTC, but explained that if the password is still hot, the company will remain active.
“Jane Street explained this week: “Jane's Street trades more than 56,000 products in various asset classes, including Bitcoin. "
Jane Street has always taken a look at trading opportunities and will continue to do so, and with the advent of more cryptocurrency products, we expect to participate.
Jane Street follows other well-known Wall Street market makers
The news also appeared in other big-name Wall Street firms that allegedly traded notes and futures products traded on bitcoin or encrypted exchanges. At this year's World Economic Forum in Davos, Goldman Sachs Lloyd Blankfein explained that if customers want to trade BTC, they will help. “We are clearing bitcoin futures for some futures customers – we will clear them,†Blankfein explained. “We are a major broker, so if our customers want to do this, we will do so.â€
As early as September 2017, Jamie Dimon explained that bitcoin traders are "stupid." However, the company was bought and sold to customers by trading notes bought and sold on the BTC exchange. In addition, the company said it can offer CME and Cboe bitcoin futures to its customers.
Jane Street is different from JP Morgan and Goldman in that it uses the Ocaml programming language to help company traders execute transactions quickly under changing market conditions. The company even released some open source code for its Ocaml library. Jane Street did not disclose to the media how it actively traded cryptocurrencies.
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