Deep Tide TechFlow News, February 26 — According to Caixin, there are rumors that Chinese regulators are examining Jane Street’s trading practices in the Chinese ETF market. However, a person close to Jane Street stated, “We know nothing about these rumors and have no reason to believe they are true. These rumors should not be linked to Jane Street.” This week, Jane Street, along with its co-founders and two employees, was accused of insider trading, fraud, and market manipulation. These actions are also believed to have accelerated the collapse of TerraUSD (UST) stablecoin and its sister token Luna, which together lost $40 billion in value in 2022.
Founded in 1999, Jane Street is one of the world’s largest proprietary quantitative trading firms. In 2024, it is expected to generate over $20 billion in net trading revenue and nearly $13 billion in net profit. Unlike hedge funds, Jane Street does not accept external client funds, which results in lower disclosure obligations compared to traditional asset management firms. This structure has helped maintain its long-standing secrecy.
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
Caixin: Rumors that Chinese regulatory authorities are examining Jane Street's trading behavior in China's ETF market
Deep Tide TechFlow News, February 26 — According to Caixin, there are rumors that Chinese regulators are examining Jane Street’s trading practices in the Chinese ETF market. However, a person close to Jane Street stated, “We know nothing about these rumors and have no reason to believe they are true. These rumors should not be linked to Jane Street.” This week, Jane Street, along with its co-founders and two employees, was accused of insider trading, fraud, and market manipulation. These actions are also believed to have accelerated the collapse of TerraUSD (UST) stablecoin and its sister token Luna, which together lost $40 billion in value in 2022.
Founded in 1999, Jane Street is one of the world’s largest proprietary quantitative trading firms. In 2024, it is expected to generate over $20 billion in net trading revenue and nearly $13 billion in net profit. Unlike hedge funds, Jane Street does not accept external client funds, which results in lower disclosure obligations compared to traditional asset management firms. This structure has helped maintain its long-standing secrecy.