Institutional Market Maker
Jane Street
Jane Street is a global quantitative trading firm and one of the largest liquidity providers in ETFs, equities, options, bonds and crypto.
- Headquarters
- New York, USA
- Founded
- 2000
- Funding model
- Firm Capital Model
- Region served
- North America
Community rating
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At a glance
Structured facts about this firm
- Firm Type
- Proprietary trading firm / quantitative market maker
- Market Focus
- ETFs, equities, options, fixed income, FX, commodities and digital assets
- Trading Style
- Quantitative market making and systematic arbitrage
- Institutional Level
- Tier 1 — global institutional liquidity provider
- Retail Accessibility
- Not directly accessible to retail traders
- Geography
- Global — offices in New York, London, Hong Kong, Amsterdam and Singapore
- Known For
- ETF market making, options liquidity, OCaml-driven systematic trading
- CEO
- Robert Granieri (founder, no formal CEO)
- Team size
- ~3,000+
What they do
Markets, revenue model and ecosystem role
Core markets traded: Jane Street trades ETFs, equities, equity options, government and corporate bonds, FX, commodity futures and major crypto pairs across global venues.
Revenue generation method: Revenue is generated by capturing bid-ask spreads as a market maker, statistical arbitrage between related instruments, and ETF creation/redemption arbitrage.
Role in financial ecosystem: The firm acts as a primary liquidity provider on exchanges and an authorized participant for hundreds of ETFs, tightening spreads for institutional and retail investors alike.
Trader access & relevance
How retail and professional traders relate to this firm
Retail interaction: Retail traders do not interact with Jane Street directly. Indirect exposure is constant: most ETF trades and a large share of US options orders are filled against Jane Street's quotes.
Hires professional traders: Yes — Jane Street recruits quantitative traders, software engineers and researchers, typically from top universities, and trains them in-house. It does not offer funded-trader programs.
Relevance to prop trading: Jane Street is a benchmark institutional prop firm. It defines what a top-tier, salary-plus-bonus proprietary trading career looks like and sits at the opposite end of the spectrum from retail evaluation firms.
Funding programs
Account types and the path to capital
Evaluation
—Not required by this firm.
Instant funding
—Not offered by this firm.
Scaling plan
—No formal scaling plan documented.
Not available to outside traders — institutional hiring only
Trading rules
What's allowed, what isn't
Asset classes supported
Related terms: trailing drawdown · consistency rule · profit split
Platforms & technology
Where and how you trade
Supported platforms
Payout structure
How and when you get paid
Pros & cons
A balanced view based on documented terms
Strengths
- +Elite compensation
- +World-class training
- +Long-term career path
Trade-offs
- −Closed shop — no retail/funded program
- −Extremely selective hiring
Frequently asked questions
Common questions about Jane Street
Is Jane Street a legitimate prop firm?+
Jane Street was founded in 2000 and is headquartered in New York, USA. Global liquidity provider trading a wide range of products across asset classes.
Does Jane Street require an evaluation?+
No. Jane Street offers funded accounts without a traditional evaluation phase.
What is the profit split at Jane Street?+
Jane Street pays traders 50% of net profits, keeping the remainder as the firm's share.
How often does Jane Street pay out?+
Jane Street processes payouts on a salary + discretionary bonus basis.
What platforms does Jane Street support?+
Jane Street supports the following trading platforms: Proprietary internal systems.
What trading restrictions does Jane Street enforce?+
At Jane Street, news trading is allowed, overnight holding is allowed, weekend holding is allowed. Always confirm current rules directly with the firm before trading.