\nSituate \u00een Manhattan, Goldman Sachs \u015fi Jane Street sunt separate de o singur\u0103 strad\u0103, un secol de istorie \u015fi o diferen\u0163\u0103 salarial\u0103 medie de 160%.<\/p>\n
\nGoldman \u015fi b\u0103ncile de investi\u0163ii rivale erau c\u00e2ndva liderii pie\u0163elor de tranzac\u0163ionare. Totu\u015fi, anul trecut, Jane Street a pl\u0103tit \u00een medie peste 900.000 de dolari pe angajat, comparativ cu 340.000 de dolari pentru Goldman, potrivit calculelor Financial Times.<\/p>\n
\nFondat\u0103 la \u00eenceputul mileniului, Jane Street face parte dintr-un grup restr\u00e2ns de firme de tranzac\u0163ionare extrem de discrete, printre care se num\u0103r\u0103 Citadel Securities, Susquehanna International Group, XTX Markets \u015fi DRW. Aceste firme au profitat de digitalizarea pie\u0163elor financiare, c\u00e2\u015ftig\u00e2nd cote de pia\u0163\u0103 de la b\u0103ncile mai pu\u0163in agile \u015fi supuse unor reglement\u0103ri mai stricte, remodel\u00e2nd astfel pia\u0163a de tranzac\u0163ionare pe Wall Street.<\/p>\n
\n\u201eB\u0103ncile nu au anticipat cum pie\u0163ele electronice \u015fi eficien\u0163a acestor firme vor ajunge s\u0103 le transforme \u00een for\u0163ele dominante \u00een tranzac\u0163ionare\u201d, a spus Rob Creamer, pre\u015fedintele Geneva Trading din Chicago.<\/p>\n
\n\u201eB\u0103ncile f\u0103ceau bani buni tranzac\u0163ion\u00e2nd la telefon \u015fi nu se preocupau de afaceri cu marje mici, cum ar fi crearea de pie\u0163e electronice, care nu p\u0103reau capabile s\u0103 finan\u0163eze un nou sediu \u00een Manhattan.\u201d<\/p>\n
\nFirmele independente de tranzac\u0163ionare au fost mult timp principalii juc\u0103tori pe pia\u0163a bursier\u0103 din SUA, folosind algoritmi pentru a conecta cump\u0103r\u0103torii \u015fi v\u00e2nz\u0103torii de ac\u0163iuni \u015fi op\u0163iuni la viteze incredibile.<\/p>\n
\nAcum, \u00eens\u0103, aceste firme devin actori majori pe aproape toate pie\u0163ele \u015fi regiunile din lume, inclusiv pe cele care p\u0103reau p\u00e2n\u0103 de cur\u00e2nd imune la tranzac\u0163ionarea electronic\u0103 rapid\u0103, cum ar fi pie\u0163ele de venituri fixe.<\/p>\n
\nDe\u015fi datele privind volumul tranzac\u0163iilor \u00een diverse pie\u0163e sunt incomplete, cifrele disponibile indic\u0103 o cre\u015ftere semnificativ\u0103.<\/p>\n
\nCitadel Securities gestioneaz\u0103 zilnic tranzac\u0163ii \u00een valoare de 455 miliarde de dolari, inclusiv aproape un sfert din toate tranzac\u0163iile cu ac\u0163iuni din SUA.<\/p>\n
\nJane Street afirm\u0103 c\u0103 realizeaz\u0103 acum peste 2% din toate tranzac\u0163iile \u00een mai mult de 20 de \u0163\u0103ri. Anul trecut, compania a realizat tranzac\u0163ii cu fonduri tranzac\u0163ionate la burs\u0103 \u015fi op\u0163iuni \u00een valoare de 6,3 miliarde de dolari, av\u00e2nd o valoare no\u0163ional\u0103 total\u0103 de 32 de miliarde de dolari.<\/p>\n
\n\u00cen primul semestru al acestui an, veniturile din tranzac\u0163ionare au ajuns la 8,4 miliarde de dolari la Jane Street \u015fi la pu\u0163in sub 5 miliarde de dolari la Citadel Securities, potrivit unor surse familiare cu situa\u0163ia. Ambele companii au \u00eenregistrat cre\u015fteri de aproximativ 80% fa\u0163\u0103 de anul precedent.<\/p>\n
\n\u00cen contrast, diviziile de tranzac\u0163ionare ale celor mai mari cinci b\u0103nci de investi\u0163ii au avut cre\u015fteri de cel mult 11%, \u00een cazul Goldman Sachs.<\/p>\n
\nDe asemenea, valoarea net\u0103 a activelor firmelor de tranzac\u0163ionare, cunoscut\u0103 \u015fi sub denumirea de \u201ecapital al membrilor\u201d, a crescut semnificativ din 2008, de 12 ori la Citadel Securities \u015fi de \u015fase ori la Susquehanna, conform datelor furnizate de Alphacution Research. <\/p>\n
\nSociet\u0103\u0163ile de tranzac\u0163ionare sus\u0163in c\u0103 inova\u0163iile lor tehnologice au f\u0103cut tranzac\u0163ionarea mai accesibil\u0103, mai echitabil\u0103 \u015fi mai transparent\u0103.<\/p>\n
\n\u201eDatorit\u0103 angajamentului nostru fa\u0163\u0103 de inova\u0163ie \u015fi colabor\u0103rii constante cu autorit\u0103\u0163ile de reglementare pentru a \u00eembun\u0103t\u0103\u0163i eficien\u0163a pie\u0163elor, am economisit zeci de miliarde de dolari pentru participan\u0163ii la pia\u0163\u0103 din \u00eentreaga lume\u201d, a declarat Stephen Berger, \u015feful global al politicii de reglementare la Citadel Securities.<\/p>\n
\nJane Street a refuzat s\u0103 comenteze \u00een urma solicit\u0103rilor emise de Financial Times.<\/p>\n
\nTotu\u015fi, ascensiunea firmelor de tranzac\u0163ionare dotate cu o tehnologie superioar\u0103 celei utilizate de b\u0103ncile de investi\u0163ii tradi\u0163ionale aduce cu sine noi provoc\u0103ri complexe \u00een ceea ce prive\u015fte reglementarea.<\/p>\n
\n\u201eAcesta este un sector extrem de opac \u015fi vast al industriei financiare\u201d, a declarat Dennis Kelleher, \u015feful organiza\u0163iei de advocacy pentru reforma financiar\u0103 Better Markets.<\/p>\n","protected":false},"excerpt":{"rendered":"
Situate \u00een Manhattan, Goldman Sachs \u015fi Jane Street sunt separate de o singur\u0103 strad\u0103, un secol de istorie \u015fi o diferen\u0163\u0103 salarial\u0103 medie de 160%. Goldman \u015fi b\u0103ncile de investi\u0163ii rivale erau c\u00e2ndva liderii pie\u0163elor de tranzac\u0163ionare. Totu\u015fi, anul trecut, Jane Street a pl\u0103tit \u00een medie peste 900.000 de dolari pe angajat, comparativ cu 340.000 […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[510],"tags":[7267,13620,149,12752,535,161,60,7128,8810,10839],"class_list":["post-230522","post","type-post","status-publish","format-standard","hentry","category-actualitate","tag-banci","tag-goldman-sachs","tag-investitii","tag-jucatori","tag-lideri","tag-miliarde","tag-piata","tag-tranzactii","tag-tranzactionare","tag-wall-street"],"_links":{"self":[{"href":"https:\/\/bm.dev.synology.me\/index.php?rest_route=\/wp\/v2\/posts\/230522","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/bm.dev.synology.me\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bm.dev.synology.me\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/bm.dev.synology.me\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/bm.dev.synology.me\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=230522"}],"version-history":[{"count":0,"href":"https:\/\/bm.dev.synology.me\/index.php?rest_route=\/wp\/v2\/posts\/230522\/revisions"}],"wp:attachment":[{"href":"https:\/\/bm.dev.synology.me\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=230522"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bm.dev.synology.me\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=230522"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bm.dev.synology.me\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=230522"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}