Jane Street is looking to expand its trading unit for physical natural gas, the latest proprietary trading firm to target a market that in recent years has become the preserve largely of commodity merchants and energy companies.
The firm is actively recruiting for roles in its physical gas business, including a natural gas scheduler for its US unit, according to people with knowledge of the matter who asked not to be identified discussing information that isn’t public. The move requires more capital, and often requires warehousing risk overnight to cover hedging and fluctuating commodity prices, one of the people said.