Jane Street, one of the world's largest quantitative trading firms and market makers, is planning a significant expansion of its office space in Hong Kong, according to sources familiar with the matter.
The New York-based firm is negotiating to lease two additional floors at Chater House, an office tower in Central's business district. If finalized, the expansion will allow Jane Street to occupy six floors in the 30-storey building, totaling over 110,000 square feet, compared to just 2.5 floors a year ago.
Despite ongoing Sino-U.S. tensions, China remains an attractive investment destination, and Hong Kong's Hang Seng Index surged 15% in the first quarter. Average daily turnover reached $28 billion for the first two months of 2025, marking a 70% increase from the same period last year.
In addition, Tower Research Capital has been actively recruiting and expanding its operations in Hong Kong.
Jane Street currently employs 400 people in the city, with its Hong Kong team covering mainland China, Hong Kong, Japan, Singapore, and Australia. The firm is hiring for more than 40 roles in Hong Kong, as indicated on its website.
Known for its high-frequency trading and leadership in the exchange-traded funds market, Jane Street has experienced tremendous growth in recent years. It is a registered market maker on the Hong Kong exchange and received approval to trade yuan-denominated shares in Hong Kong in 2023.
In the first half of 2024, the firm reported earnings of approximately $6.1 billion, nearly doubling its profits from the same period the previous year.
Jane Street plans to take over two floors currently used by Point72 Asset Management, which is seeking more office space, according to one source. Point72 has refrained from commenting on this move.