Latest news with #JaneStreet
CBC
24-05-2025
- CBC
An Ontario mother pleads for answers 15 years after her son's murder
Fifteen years after her son was killed by an unknown shooter, a Port Perry, Ont., mother says she believes there are people out there who can help solve his murder, and she hopes they're ready to come forward. On Feb. 7, 2010, Glenn Lowe Jr. — then 30 years old — was shot dead at the back door of his Toronto home. The shooter was never found. Now, on what would have been her son's 46th birthday, Dale Lowe is appealing to those she believes have more information about the incident. "Please have some compassion," she said in an interview this week. "Even if you don't think that it's important, please come forward. Respond to the police requests. If you know any additional information and you've never been questioned by the police, come forward, give them a call." Police say the home at 1562 Jane St., where Glen Lowe lived at the time of the killing, was being used as a growing operation for marijuana. Lowe was a plumber by trade and his mother told CBC Toronto he was helping friends install an irrigation system. He was shot just after 11 p.m. and a woman inside the house called 911 after finding him on the porch of the house. Acting Det. Sgt. Steve Smith with the Toronto Police Service's homicide and missing persons unit said investigators believe someone at the house, or who was connected to the growing operation, likely has more information. "We know that there's people that know who the killer is," he told CBC Toronto. "We know that there's people involved in that operation that were buying and selling the marijuana, as well as people that were living in the house with him at the time. And we're pretty sure that some of these people know." Toronto police are offering a reward of up to $50,000 for information on the murder. For Dawn Lowe, solving this case would mean everything for her family. Mother hopeful that new information will lead to solving case "My daughter, it's affected her for the rest of her life," Lowe said. "My husband has never recovered. I feel his loss every day." Lowe is hopeful that circumstances have changed for the people who might have more information, allowing them to come forward as police continue their investigation. Aside from tips, Det. Sgt. Smith says advancements in science and technology often help investigators solve cold cases like this one. "One of the biggest ones is investigative genetic genealogy," he said. "If we can find DNA of the offender in any of our cases, we're pretty confident that we can track the offender down." Unfortunately, that tactic probably won't be much help in Lowe's case, according to Lorraine Heath, a forensic DNA consultant. "There doesn't appear to be any information suggesting that there was much contact, physical contact, between the perpetrator and the victim," she said in an interview. "DNA analysis unfortunately … requires some kind of contact or interaction between the victim and the perpetrator." Investigator says there's always hope in any cold case But Det. Sgt. Smith says there is still hope. "We've solved 12-, 30-, 40-year-old cases. So we're still working on all these cases, especially in this case, and we're hoping that at some point we can conclude it," he said. Like Lowe's mother, he's asking anyone with more information about the shooter to come forward.
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Business Standard
23-05-2025
- Business
- Business Standard
Jane Street nets $2.3 bn from booming India equity options trading
By Chiranjivi Chakraborty and Anto Antony Jane Street Group LLC generated more than $2.3 billion in net revenue from equity derivatives last year in India, where its lucrative trading strategies have sparked a probe by regulators. The trading haul was a sharp surge from 2023, underscoring the country's growing importance to the firm's global expansion, according to people familiar with the matter. India accounted for more than a 10th of the New York-based giant's record $20.5 billion in net trading revenue last year, the people said, asking not to be identified as the information is private. The Securities and Exchange Board of India is investigating the company's derivatives trades after some market participants alleged manipulation by the firm, Bloomberg reported last week. A separate probe by the National Stock Exchange was closed last month after a reply from the company's India trading partner. Jane Street declined to comment on its performance and revenue generated from India. The firm also declined to comment on the Sebi probe. The world's largest derivatives market by contracts traded has seen global high-frequency trading and market-making firms from Ken Griffin's Citadel Securities LLC to Optiver expand in recent years. A retail investor-led boom has seen options premiums surge 11-fold in the five years to March 2025. The options frenzy has helped foreign funds and local proprietary firms that use algorithms, as they pocketed $7 billion in gross profits in the 12 months ended in March 2024, according to a Securities and Exchange Board of India study. Jane Street's lawyers inadvertently revealed in a court battle with Millennium Management last year that it earned $1 billion in 2023 from trading options in India with the help of a 'secret' strategy. Jane Street's algorithmic and technology-driven approach — combined with its ability to deploy its own capital independently of banking regulations — likely gave it a competitive edge in India, where it mostly makes directional trades, the people said. India is one of the 18 countries in which Jane Street holds more than a 2% market share in derivatives volume, they said. Equity options trading in India has cooled this year after exponential growth since the pandemic. Fees from options traded on the NSE grew just 2% this year through April, sharply lower than the 92% growth in the same period last year, according to exchange data. The slowdown was triggered by Sebi, which imposed several restrictions on trading options including higher minimum investment limits and an increase in lot sizes since November to protect retail traders — 90% of whom lost money trading options. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)
News18
23-05-2025
- Business
- News18
Jane Street, Facing Sebi Probe, Earned $2.3 Billion From F&O Trading In India During 2024: Report
Last Updated: India contributed over 10 per cent of Jane Street's record $20.5 billion in global trading revenue in 2024. Jane Street Group LLC, the New York-based quantitative trading powerhouse, generated more than $2.3 billion in net revenue from equity derivatives last year in India, where its lucrative trading strategies have sparked a probe by regulators, according to a Bloomberg report. According to the report, citing people asking not to be identified as the information is private, India contributed over 10 per cent of Jane Street's record $20.5 billion in global trading revenue in 2024. The trading haul was a sharp surge from 2023, underscoring the country's growing importance to the firm's global expansion. The Securities and Exchange Board of India (Sebi) is investigating the company's derivatives trades after some market participants alleged manipulation by the firm, Bloomberg reported last week. A separate probe by the National Stock Exchange was closed last month after a reply from the company's India trading partner. Jane Street has so far declined to comment on both its Indian performance and the ongoing Sebi probe, as per Bloomberg. The world's largest derivatives market by contracts traded has seen global high-frequency trading and market-making firms from Ken Griffin's Citadel Securities LLC to Optiver expand in recent years. A retail investor-led boom has seen options premiums surge 11-fold in the five years to March 2025. The options frenzy has helped foreign funds and local proprietary firms that use algorithms, as they pocketed $7 billion in gross profits in the 12 months ended in March 2024, according to a Securities and Exchange Board of India study. Jane Street's lawyers inadvertently revealed in a court battle with Millennium Management last year that it earned $1 billion in 2023 from trading options in India with the help of a 'secret' strategy. Jane Street's algorithmic and technology-driven approach — combined with its ability to deploy its own capital independently of banking regulations — likely gave it a competitive edge in India, where it mostly makes directional trades, the people said. India is one of the 18 countries in which Jane Street holds more than a 2% market share in derivatives volume, they said. Equity options trading in India has cooled this year after exponential growth since the pandemic. Fees from options traded on the NSE grew just 2% this year through April, sharply lower than the 92 per cent growth in the same period last year, according to exchange data. The slowdown was triggered by Sebi, which imposed several restrictions on trading options including higher minimum investment limits and an increase in lot sizes since November to protect retail traders — 90 per cent of whom lost money trading options. First Published: May 23, 2025, 13:23 IST
Time of India
23-05-2025
- Business
- Time of India
Jane Street earns $2.3 billion riding India options trading wave
Jane Street Group LLC generated more than $2.3 billion in net revenue from equity derivatives last year in India, where its lucrative trading strategies have sparked a probe by regulators. The trading haul was a sharp surge from 2023, underscoring the country's growing importance to the firm's global expansion, according to people familiar with the matter. India accounted for more than a 10th of the New York-based giant's record $20.5 billion in net trading revenue last year, the people said, asking not to be identified as the information is private. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Khai Quang: Unsold Furniture Liquidation 2024 (Prices May Surprise You) Unsold Furniture | Search Ads Learn More Undo The Securities and Exchange Board of India is investigating the company's derivatives trades after some market participants alleged manipulation by the firm, Bloomberg reported last week. A separate probe by the National Stock Exchange was closed last month after a reply from the company's India trading partner. Jane Street declined to comment on its performance and revenue generated from India. The firm also declined to comment on the SEBI probe. Bloomberg The world's largest derivatives market by contracts traded has seen global high-frequency trading and market-making firms from Ken Griffin's Citadel Securities LLC to Optiver expand in recent years. A retail investor-led boom has seen options premiums surge 11-fold in the five years to March 2025. Live Events The options frenzy has helped foreign funds and local proprietary firms that use algorithms, as they pocketed $7 billion in gross profits in the 12 months ended in March 2024, according to a Securities and Exchange Board of India study. Jane Street's lawyers inadvertently revealed in a court battle with Millennium Management last year that it earned $1 billion in 2023 from trading options in India with the help of a 'secret' strategy. Jane Street's algorithmic and technology-driven approach — combined with its ability to deploy its own capital independently of banking regulations — likely gave it a competitive edge in India, where it mostly makes directional trades, the people said. India is one of the 18 countries in which Jane Street holds more than a 2% market share in derivatives volume, they said. Equity options trading in India has cooled this year after exponential growth since the pandemic. Fees from options traded on the NSE grew just 2% this year through April, sharply lower than the 92% growth in the same period last year, according to exchange data. The slowdown was triggered by SEBI, which imposed several restrictions on trading options including higher minimum investment limits and an increase in lot sizes since November to protect retail traders — 90% of whom lost money trading options.
Bloomberg
23-05-2025
- Business
- Bloomberg
Jane Street Earns $2.3 Billion Riding India Options Trading Wave
Jane Street Group LLC generated more than $2.3 billion in net revenue from equity derivatives last year in India, where its lucrative trading strategies have sparked a probe by regulators. The trading haul was a sharp surge from 2023, underscoring the country's growing importance to the firm's global expansion, according to people familiar with the matter. India accounted for more than a 10th of the New York-based giant's record $20.5 billion in net trading revenue last year, the people said, asking not to be identified as the information is private.
