Jane Street’s trading revenues more than doubled in the second quarter to more than $10bn, blowing past the largest banks on Wall Street as it directs an ever-increasing share of trading across financial markets.
The results topped the trading revenue of JPMorgan Chase and Goldman Sachs in the quarter, and was the first time they exceeded $10bn in a single three-month period, according to people briefed on the matter. JPMorgan and Goldman, which have long intermediated trades for big investors on Wall Street, posted second-quarter trading revenue of $8.9bn and $7.8bn, respectively.
Jane Street, which plays a central role trading securities around the globe, benefited from a surge of market activity in the second quarter after US President Donald Trump’s “liberation day” tariff announcement.