11Wall Street

Who really runs Jane Street? (opens the source in a new tab)

  • Wall Street’s biggest trading house overtook JPMorgan last year, with almost $40 billion of trading revenue, yet has no named CEO and, on purpose, no partners list.
  • Regulatory records show a management committee that meets monthly and decides on risk across the firm; a few dozen people, many of them company lifers, steer it.
  • Co-founder Rob Granieri, the last of the four founders still there, has had no official title or headshot in the staff directory.
None
named CEO
Monthly
risk committee meets

Why it matters If you own an ETF Exchange-traded fund: a basket of shares or bonds you can buy and sell like a single stock., it was likely traded by a firm few can map.

Other side The firm says a conventional org chart misses leaders spread across a flat, collaborative structure. Is opacity a risk, or its edge?

Read the full 6 Oct edition →Catch up on past editions

More on:JPMorgan 9

Today’s edition is ready

Read deep. Think clearly. Stay curious.

A daily visual briefing on the stories that matter: India, the world, and what’s next.

Read Today’s Edition →Get it by email ↗

Free · 50 editions and 359 stories so far · Unsubscribe anytime

Emails are sent by beehiiv; your address is used only for this newsletter. Privacy · Editorial standards