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Investing.com -- Jane Street Group and Citadel Securities reported significant gains in third-quarter trading revenue, continuing to challenge Wall Street’s traditional dominance in the market-making business.
Jane Street saw an 18% increase in trading revenue, bringing its third-quarter total to $6.83 billion, according to Bloomberg reports on Monday citing people familiar with the results. This performance positions Jane Street just below banking giants JPMorgan Chase & Co. and Goldman Sachs Group Inc. in the trading revenue rankings.
Citadel Securities reported a 9% increase in trading revenue for the same period, reaching $2.64 billion.
Meanwhile, Hudson River Trading posted even stronger results, with third-quarter revenue surging 81% compared to the same period last year, reaching $3.7 billion. This information was revealed by people with knowledge of the matter last month.
All three market-making firms appear to be on track for record annual performance in 2025, further eroding the traditional stronghold of major Wall Street banks.
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