Story of Jane Street’s trading strategy 

Jane Street taken legal action against Douglas Schadewald and Daniel Spottiswood.

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Both are former employees of Millennium Management

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They alleged for stealing a highly valuable and secret option trading strategy.

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They also alleged for using it for their new positions at Millennium.

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It was thought to be one of Jane Street's most effective strategy in option trading. During a court hearing, lawyers inadvertently revealed the strategy.

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Jane Street advised to keep the strategy confidential. But defence layer revelled the strategy.

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Jane Street emphasized that the strategy was more than just about the country.

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It was built upon years of effort and findings by their algorithmic team.

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The judge denied Jane Street’s request for an order barring Millennium and the two traders from using the strategy.

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Instead, the firm could seek compensation if it could demonstrate harm. The case is scheduled for trial in July.

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