{"version":"1.0","type":"rich","provider_name":"Acast","provider_url":"https://acast.com","height":250,"width":700,"html":"<iframe src=\"https://embed.acast.com/$/6a13c15d-181a-4a2e-a662-739d0e7f731a/670ec7b6488fde8559b13a95?\" frameBorder=\"0\" width=\"700\" height=\"250\"></iframe>","title":"Wall Street’s new trading titans","description":"<p>When it comes to trading, Wall Street’s investment banks are falling further behind. And independent trading firms, such as Jane Street and Citadel Securities, are taking the lead in everything from stocks and options to derivatives and crypto. The trading firms argue that they’ve made the process more efficient, but what risks does that carry? The FT’s US banking editor Joshua Franklin explains.&nbsp;&nbsp;&nbsp;</p><p><br></p><p>Clips from Lionsgate</p><p>- - - - - - - - - - - - - - - - - - - - - - - - - -&nbsp;</p><p><strong>For further reading:</strong></p><p><a href=\"https://www.ft.com/content/9439108d-4fe3-4fc2-b040-da9412f1ba0b\" rel=\"noopener noreferrer\" target=\"_blank\">New titans of Wall Street: how trading firms stole a march on big banks</a></p><p><a href=\"https://www.ft.com/content/f7cb25ba-7329-4291-b7d3-8a34ef84f9f0\" rel=\"noopener noreferrer\" target=\"_blank\">New titans of Wall Street: how Jane Street rode the ETF wave to ‘obscene’ riches</a></p><p><a href=\"https://www.ft.com/content/2948dca2-20f5-4a55-a222-2f1b1505b149\" rel=\"noopener noreferrer\" target=\"_blank\">‘King of the geeks’: how Alex Gerko built a British trading titan</a>&nbsp;</p><p><a href=\"https://www.ft.com/content/76c40338-4417-4f6f-98f9-c914a53bdd43\" rel=\"noopener noreferrer\" target=\"_blank\">The limits of bond market electronification</a></p><p>- - - - - - - - - - - - - - - - - - - - - - - - - -&nbsp;</p><p><br></p><p>On X, follow Joshua Franklin (<a href=\"https://twitter.com/FTJFranklin\" rel=\"noopener noreferrer\" target=\"_blank\">@FTJFranklin</a>) and Michela Tindera (<a href=\"https://twitter.com/mtindera07\" rel=\"noopener noreferrer\" target=\"_blank\">@mtindera07</a>), or follow Michela on LinkedIn for updates about the show and more.</p><p><br></p><p><a href=\"https://www.ft.com/content/c2ee6b8e-8251-4598-af51-84f5d91fbb58\" rel=\"noopener noreferrer\" target=\"_blank\"><strong>Read a transcript of this episode on FT.com</strong></a>&nbsp;</p>","author_name":"Financial Times"}