Jane Street, Citadel Securities’ Trading Gains Cut Into Wall Street Dominance

Jane Street Group and Citadel Securities reported gains in third-quarter trading revenue, cutting further into Wall Street’s dominance of that business and leaving the two market-making firms on track for record years.

The increase at Jane Street was 18%, according to people familiar with the results, bringing the firm’s third-quarter haul to $6.83 billion and placing it just below JPMorgan Chase & Co. and Goldman Sachs Group Inc. in the rankings. At Citadel Securities, revenue from the business increased 9% to $2.64 billion, other people said, asking not to be identified discussing non-public information.