Jane Street’s US$21bil trading haul tops Citigroup

Citigroup’s revenue from trading last year was US$19.8bil and Bank of America took in US$18.8bil. — Bloomberg

NEW YORK: Jane Street Group LLC has generated a record US$20.5bil in net trading revenue last year, vaulting it past Bank of America Corp and Citigroup Inc as the market maker reaps the benefits of its global expansion.

The 2024 haul almost doubled Jane Street’s US$10.6bil in total trading revenue from a year earlier, according to financial documents seen by Bloomberg News.