US trading firm Jane Street seeks to rapidly expand Hong Kong office space, sources say

Summer Zhen

Mon, Mar 31, 2025, 8:56 PM 2 min read

By Summer Zhen

HONG KONG (Reuters) - Jane Street, 1 of the world's largest quant trading firms and marketplace makers, is readying a crisp summation successful Hong Kong bureau space, 2 radical acquainted with the substance said.

The New York-based steadfast is negotiating with landlord Hongkong Land to lease 2 much floors astatine Chater House, an bureau operation successful the concern territory of Central, they said, speaking connected information of anonymity.

If the woody materialises, Jane Street volition inhabit six floors of the 30-storey building, totalling implicit 110,000 sq ft of bureau space, compared to conscionable 2.5 floors a twelvemonth ago.

Jane Street and Hongkong Land declined to comment.

Despite rising Sino-U.S. tensions, China has regained popularity arsenic an concern destination and Hong Kong's Hang Seng Index surged 15% successful the archetypal quarter. Average regular turnover changeable to $28 cardinal for the archetypal 2 months of 2025, a 70% leap from the aforesaid clip past year, information shows.

Citadel Securities and Tower Research Capital person besides been recruiting and expanding their offices successful Hong Kong.

Jane Street employs 400 radical successful the city, 1 of the radical said, adding its Hong Kong-based squad covers not lone mainland China and Hong Kong but besides Japan, Singapore and Australia.

It is hiring for much than 40 roles successful Hong Kong, the firm's website shows.

Known for high-frequency trading and its dominance of the speech traded funds market, Jane Street has seen explosive maturation successful caller years. It is simply a registered marketplace shaper connected the Hong Kong bourse and was approved to commercialized yuan-denominated shares successful Hong Kong successful 2023.

The steadfast earned astir $6.1 cardinal successful the archetypal fractional of 2024, astir treble that of the aforesaid play a twelvemonth earlier, Bloomberg reported.

Jane Street plans to instrumentality the 2 floors utilized by Point72 Asset Management, according to 1 of the people.

Point72 is moving retired due to the fact that it wants much bureau space, section media person said. The U.S. hedge money did not instantly reply to a petition for comment.

(Reporting by Summer Zhen; Editing by Vidya Ranganathan and Edwina Gibbs)