Jane Street's success in India
I recently wrote about Jane Street's record profits of $20.5 billion from global trading operations in 2024. Well! it is in the news once again, this time from its Indian operations.
Jane Street made about $2.3 billion in net revenue from equity derivatives trading in India last year. The Indian market constitutes about 10% of its global net revenue. Interestingly, it made a lot of money from equity options, a segment that has seen record participation from retail Indian investors.
India is the largest derivatives market by contracts traded. The National Stock Exchange of India (NSE), the premier exchange in the country, has witnessed a boom in high-frequency trading with involvement in firms such as Jane Street, Citadel and other global giants. The below chart from Bloomberg shows the Premium Turnover on NSE over the last six years.
