Citadel Securities, Jane Street on track for record revenue haul
First-half net trading revenue rose 81% to $4.9 billion from the same period a year earlier at Citadel Securities, and gained 78% to $8.4 billion at Jane Street.
External Opinion Articles
Treasuries set to end volatile week higher as rate-cut bets ease
The market action comes as traders narrow in on bets that the Fed will kick off its easing cycle with a 25-basis-point reduction in September, rather than a larger 50-basis-point move.
It’s now clear that QE was a colossal policy mistake
There's no convincing evidence that central banks' purchases of trillions of dollars of bonds and other financial assets helped any economy.
The Fed is underplaying the pain of inflation fighting
The central bank is still pretending that its policies won't hurt much. That's not a good sign.
U.S. megabanks are being asked the wrong questions
Technology is helping big banks gain market share and is more likely to drive consolidation in the years ahead than regional bank mergers.
The $24 trillion Treasury market needs more than just clearing
We're at the moment that regulators and market participants have been fearing, which is that there will be more episodes when parts of the market seized up.
History shows no example of hiking U.S. rates too fast, Summers says
Paul Volcker, who vanquished elevated inflation as Fed chair, "had a kind of false start," as recounted in a recent opinion piece by former Fed Governor Frederic Mishkin.
Fund manager explains his ‘cheat code’ for the bond market
So the 'cheat code' in the bond market for me and for our strategy is: Where can you limit risk or where can you lower risk in a high-yield security?
Hot corporate bond market puts buyers’ strike on ice
Investors aren't necessarily the ones getting cold feet despite interest-rate uncertainty and economists' growing warnings of a potential recession.
Texas’ answer to ‘woke’ investing looks kind of woke
Even Larry Fink, BlackRock's chief executive officer, has been known to mix up ESG with SRI. And now so is Texas, in an interesting twist on the theme.
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