All articles tagged with #market making
Jane Street set a Wall Street record with $10.1 billion in Q2 trading revenue, more than doubling from the previous year, driven by market volatility from trade war tensions, and reaching an all-time first-half high of $17.3 billion, despite regulatory scrutiny in India.
Jane Street, a highly secretive and profitable trading firm, has come under scrutiny after India's SEBI regulator seized $564 million related to its trading strategies, revealing detailed trading data and raising questions about its operations and risk practices. The firm, known for its risk appetite and technological focus, disputes the regulator's findings and faces potential investigations in other jurisdictions, highlighting its rapid growth and the challenges of maintaining secrecy in high-stakes trading.
Citigroup has announced the closure of its municipal underwriting and market-making activities, citing the lack of viability and a commitment to increase overall returns. The unit will be unwound in the first quarter, resulting in most employees leaving. This decision follows a team of bankers leaving for Jefferies last month, and comes amid scrutiny from the Texas attorney general, who halted Citigroup's ability to underwrite most municipal bond offerings in Texas due to alleged discrimination against the firearms sector.
Citigroup has announced the closure of its municipal underwriting and market-making activities, citing the lack of viability and a commitment to increase overall returns. The unit will be unwound in the first quarter, resulting in most employees leaving. This decision follows a team of bankers leaving for Jefferies last month, and comes amidst scrutiny from the Texas attorney general regarding the bank's ability to underwrite municipal bond offerings in Texas.