Jane Street offers job of Rs 4.3 crore to a student of IIT Madras!
The global option trading company Jane Street has given a pre-placement offer of Rs 4.3 crore annually to a student of IIT madras along with posting in Hong Kong. This student has not even completed his studies. Still, this is the biggest job offer of this year's placement season so far. This shows that option trading is more a game of technology than mind. While global trading companies are getting rich due to high quality algorithms, retail traders are suffering losses by falling prey to the trap of high risk-high reward.
Big companies are making huge profits due to the losses of retailers. Their high-tech software executes the trade in less than a second. Then they earn billions of profits by accumulating small profits. Companies like Jane Street are an example of this. This market becomes more challenging for individual investors, especially those who do not have such advanced technical means.
Quantitative trader will get a job
Jane Street has offered a quantitative trader post to a student in hong kong under a pre-placement offer. He is a student of Computer Science and Engineering. The student who has been given this offer is one of the few people who had previously done an internship in this firm.
93 percent of retail traders suffer losses
Options trading is described as quick and high-profit trading. But it is a game of total sum zero, where the profit of some people leads to direct loss to others. A study conducted by the Securities and Exchange Board (SEBI) has highlighted the difficulties of retail investors in this sector. According to the SEBI study, between FY 2022 and 2024, 93 percent of retail traders suffered losses in the options market. On an average, every investor lost two lakh rupees.