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Jane Street sues ex-traders at Millenium
https://www.bloomberg.com/news/articles/2024-04-12/jane-street-accuses-millennium-ex-traders-of-stealing-strategy Seems like whatever this strategy was must've been at least 100m/year in expectancy, wouldn't be surprised if it was 5x, even 10x that, for JS to be this public about it. #janestreet
Jane Street Accuses Millennium, Ex-Traders of Stealing Strategy
Bloomberg
Bloomberg
1like Apr 21
they said $1 billion returned from the strategy. Millennium will take it to the moon if this is true :)
The strategy was "buy low, sell high".
Get ready to be sued for revealing that algorithm