Jane Street's $ 20.5 billion trading Citigroup, Bofa

(Bloomberg) – Jane Street Group LLC yielded a record of $ 20.5 billion to net trading revenue last year and passed it beyond Bank of America Corp. and Citigroup Inc. vault because the market maker raises the benefits of its global expansion. According to the financial documents seen by Bloomberg News, the 2024 -hour Jane Street’s total trade income of $ 10.6 billion in total trade revenue doubled. Jane Street’s net revenue of $ 13 billion was also a record. The results show just how big Jane Street has become as it continues to urge more growth. The firm has gradually expanded to make markets in areas, including exchange -traded funds, stocks, currencies, derivatives and bonds. By comparison, Citigroup revenue was $ 19.8 billion last year and Bank of America $ 18.8 billion. A representative of Jane Street did not immediately respond to a request for comment. Earlier on Wednesday, the Financial Times reported some of Jane Street’s revenue figures. According to the firm, last year’s momentum continued in 2025, which says it expects the net trading income from $ 7.1 billion to $ 7.2 billion. Preliminary adjusted EBITDA is expected to be $ 5.4 billion to $ 5.5 billion, while net revenue is likely to be $ 4.5 billion to $ 4.6 billion, it says. According to the documents, the results of April were ‘in line’ with the first quarter. Along with revenue, Jane Street’s remuneration and benefits expenses also rose to $ 4.11 billion last year. It was a cost of $ 1.39 million for each employee, or almost four times the comparable figure at Goldman Sachs Group Inc. The results were among a series of financial markers that Jane Street announced to investors as part of a debt agreement he was trying to stimulate further expansion. Among them: The business is now supported by $ 29.9 billion of members’ equity, which represents the majority of the firm’s trade capital. It had 2,960 employees at the end of last year, and turnover has been 6%over the past two years. Jane Street said it made up more than 10% of stock market activity in North America last year, and that it had a market share of more than 2% in 18 countries. As far as ETFs are concerned-where the firm has long been dominant, it was on average $ 707 billion in monthly trading volume, or about 24% of primary market activity in vehicles on US listed vehicles. In options, the firm accounted for 8% of all Clearing Corp. last year. -volume. Founded in 2000, Jane Street began trading US deposit receipts and then expanded to exchange-traded funds on the floor of the US Stock Exchange. It now counts companies, including Citadel Securities, Susquhanna International Group and Virtu Financial Inc. Among his opponents. The Miami-based Citadel Securities placed its own trading record in 2024, with $ 9.7 billion, Bloomberg reported last month. The company’s net revenue was a record $ 4.2 billion for 2024, more than double the nearly $ 2 billion in the previous year. More stories like these are available on Bloomberg.com © 2025 Bloomberg LP first published: 23 Apr 2025, 09:30 IST