Net revenue generally means profit. Although I believe this also includes unrealized gains.
Basically profit from trading before they pay for salaries and office rent and all that jazz.
Basically profit from trading before they pay for salaries and office rent and all that jazz.
It’s a much easier to understand metric when you are discussing losses on a trade. No one is calculating losses including salaries.
It means Jane Street is still highly profitable in trades this year despite making a bad bet. If they have overhead that eclipses that, that is an entirely different metric.