Jane Street has received approval to conduct financial services activities in the UAE.
Jane Street MENA was licensed by the Financial Services Regulatory Authority (FSRA) of the Abu Dhabi Global Market (ADGM) on 25 June, after documents to incorporate the private company, limited by shares, were submitted on 11 June.
Slawomir Rzeszotko, head of ETF sales and trading at Jane Street, has been registered as director of the company. The firm will be based in Abu Dhabi’s financial district.
Last year, Jane Street took more than 10% of total North American equity market share and currently holds offices in New York, London, Hong Kong and Singapore. Its competitor Citadel Securities holds 23% of total market share, a spokesperson told Global Trading.
READ MORE: Jane Street took 10% of of US equity market in 2024
