"The most secretive" company on wall Street will start trading bitcoins
Last week, the global trading firm Jane Street Capital has announced that it will start trading BTC. Often referred to as one of wall Street's most secret investment companies, Jane Street claims that if cryptocurrencies continue to evolve, the company will start trading these assets.
Trading firm Jane Street in new York, London and Hong Kong, where actively trades shares, bonds, futures, options and other investments in the amount of $8-13 billion Jane Street argues that processes over 1 million transactions per day. The new York Times named Jane Street one of the most covert firms handling large volumes of trade. News channel called the traders "a coder with a PhD" because specializiruetsya firm in complex arbitration transactions.
Arbitrage opportunities in the world of cryptocurrencies and bitcoins are very tempting for firms like Jane Street, as potentially spreads can be very high on different trading platforms. Global bitcoin exchanges can offer up to 10% of arbitrage opportunities between different trading platforms. Jane Street does not provide any details on how she is going to trade BTC, but explains that if cryptocurrencies continue to stay in trend, the company will actively engage in trading this type of asset.
"Jane Street sells over 56,000 products worldwide in a wide variety of asset classes, including bitcoin," the company said this week.
Jane Street is different from other giants of wall street, JP Morgan and Goldman Sachs, also contemplating whether or not to trade cryptocurrency, that uses the programming language Ocaml, which helps traders the firm quickly to make trades in a changing market environment. The company has even released some source code for their libraries Ocaml.
Sounds like marketing, so secretive they announce it
For future viewers: price of bitcoin at the moment of posting is 8524.90USD
Wall street starting the march in. I welcome their money but not them.