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Caixin: Chinese Regulators Reviewing Jane Street’s Trading Behavior in China ETF Market

2 hours ago

On February 26, rumors circulated that Chinese regulators were reviewing Jane Street’s trading activity in the Chinese ETF market. However, a source close to Jane Street stated, “I have no knowledge of these rumors, nor any reason to believe they are true—and these rumors should not be linked to Jane Street.” This week, Jane Street, its co-founder, and two employees were charged with insider trading, fraud, and market manipulation. These actions are also blamed for accelerating the 2022 collapse of the $40 billion TerraUSD (UST) stablecoin and its sister token Luna. Founded in 1999, Jane Street is one of the world’s largest proprietary quantitative trading firms. It reported over $20 billion in net trading income and nearly $13 billion in net profit in 2024. Unlike hedge funds, Jane Street does not accept external client funds, so its disclosure requirements are far lower than those of traditional asset management firms—a structure that has long kept the firm shrouded in mystery. (Source: Caixin)
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