Jane Street is one of Wall Street’s most profitable and secretive firms. And when Indian regulators accused it of market manipulation earlier this month, it rocked the finance world. 

On today’s Big Take podcast, Bloomberg finance reporter Katherine Doherty joins host Sarah Holder to go inside Jane Street’s unique trading strategy, and what new regulatory scrutiny could mean for the high frequency trading industry.

Read more: Jane Street’s Trading Secrets Spill Into Open and Face Rivals’ Scrutiny

Jane Street is one of Wall Street&rsquo;s most profitable and secretive firms. And when Indian regulators accused it of market manipulation earlier this month, it rocked the finance world.&nbsp;
On today&rsquo;s Big Take podcast, Bloomberg finance reporter Katherine Doherty joins host Sarah Holder to go inside Jane Street&rsquo;s unique trading strategy, and what new regulatory scrutiny could mean for the high frequency trading industry.
Read more: <a href="https://www.bloomberg.com/news/features/2025-07-17/jane-street-trading-secrets-exposed-as-risk-taking-fuels-record-profit?srnd=undefined">Jane Street&rsquo;s Trading Secrets Spill Into Open and Face Rivals&rsquo;&nbsp;Scrutiny</a>

The Big Take from Bloomberg News brings you inside what’s shaping the world's economies with the smartest and most informed business reporters around the world. The context you need on the stories that can move markets. Every afternoon.

The Big Take from Bloomberg News brings you inside what’s shaping the world's economies with the smartest and most informed business reporters around the world. The context you need on the stories that can move markets. Every afternoon.

Big Take

We’re taking The Big Take to Asia. Each week, Bloomberg’s Oanh Ha tells a story from the home of the world's most dynamic economies - and the markets, tycoons and businesses that drive the ever-shifting region.

We’re taking The Big Take to Asia. Each week, Bloomberg’s Oanh Ha tells a story from the home of the world's most dynamic economies - and the markets, tycoons and businesses that drive the ever-shifting region.

Big Take Asia

What Is Jane Street? And Why Are Regulators Watching It?

https://api.omny.fm/orgs/e73c998e-6e60-432f-8610-ae210140c5b1/clips/7d2768b8-bf7a-41b4-b36d-b31d0142769d/transcript

The US Senate failed to advance a government spending package on Thursday, setting up for a partial government shutdown.

At the center of the debate is funding for the Department of Homeland Security. In the wake of federal agents killing two US citizens in Minnesota, the spending package has become the latest flashpoint in the fight over ICE’s deployment in American cities.

On today’s Big Take podcast, host Sarah Holder and Bloomberg reporters Steven Dennis and Alicia Diaz track the fight playing out in Washington as tensions continue to flare in Minnesota.

Read more: 
Trump, Democrats Make Some Progress in Talks to Avert Shutdown
Trump, Democrats Hurtle Toward Shutdown After Minnesota Killing
Republicans Divided After Latest Shooting by Federal Agents
Key Democrat Visits Minneapolis, Applauds ‘Courageous Movement’ 

Further listening: 
Minnesota v. ICE
Inside ICE’s Plan to Build Detention ‘Mega Centers’

Hosted by Sarah Holder; Produced by Julia Press; Reported by Steven Dennis and Alicia Diaz; Edited by Aaron Edwards; Fact-checking by Rachael Lewis-Krisky and Eleanor Harrison-Dengate; Engineering by Alex Sugiura; Senior Producer: Naomi Shavin; Deputy Executive Producer: Julia Weaver. Executive Producer: Nicole Beemsterboer.

The US Senate failed to advance a government spending package on Thursday, setting up for a partial government shutdown.
At the center of the debate is funding for the Department of Homeland Security. In the wake of federal agents killing two US citizens in Minnesota, the spending package has become the latest flashpoint in the fight over ICE&rsquo;s deployment in American cities.
On today&rsquo;s Big Take podcast, host Sarah Holder and Bloomberg reporters Steven Dennis and Alicia Diaz track the fight playing out in Washington as tensions continue to flare in Minnesota.
Read more:&nbsp;
<ul>
<li aria-level="1"><a href="https://www.bloomberg.com/news/articles/2026-01-29/trump-democrats-make-some-progress-in-talks-to-avert-shutdown">Trump, Democrats Make Some Progress in Talks to Avert Shutdown</a></li>
<li aria-level="1"><a href="https://www.bloomberg.com/news/articles/2026-01-26/trump-democrats-hurtle-toward-shutdown-after-minnesota-killing">Trump, Democrats Hurtle Toward Shutdown After Minnesota Killing</a></li>
<li aria-level="1"><a href="https://www.bloomberg.com/news/articles/2026-01-26/us-republicans-divided-after-latest-shooting-by-federal-agents">Republicans Divided After Latest Shooting by Federal Agents</a></li>
<li aria-level="1"><a href="https://www.bloomberg.com/news/articles/2026-01-27/democrats-warnock-to-travel-to-minneapolis-following-killing">Key Democrat Visits Minneapolis, Applauds &lsquo;Courageous Movement&rsquo;</a>&nbsp;</li>
</ul>
Further listening:&nbsp;
<ul>
<li aria-level="1"><a href="https://podcasts.apple.com/us/podcast/big-take/id1578096201?i=1000745068137">Minnesota v. ICE</a></li>
<li aria-level="1"><a href="https://podcasts.apple.com/us/podcast/big-take/id1578096201?i=1000745962366">Inside ICE&rsquo;s Plan to Build Detention &lsquo;Mega Centers&rsquo;</a></li>
</ul>
Hosted by Sarah Holder; Produced by Julia Press; Reported by Steven Dennis and Alicia Diaz; Edited by Aaron Edwards; Fact-checking by Rachael Lewis-Krisky and Eleanor Harrison-Dengate; Engineering by Alex Sugiura; Senior Producer: Naomi Shavin; Deputy Executive Producer: Julia Weaver. Executive Producer: Nicole Beemsterboer.

The Fight Over ICE Funding

https://api.omny.fm/orgs/e73c998e-6e60-432f-8610-ae210140c5b1/clips/6e728ace-622b-46c9-9dc7-b3e1012363dc/transcript

Not long ago, markets would have lurched if a president threatened to impose tariffs, attack a foreign nation or compromise Federal Reserve independence. Since Donald Trump’s return to office, though, traders have been buying on these threats and cashing in when they don’t come to pass.

On today’s episode of the Big Take, Bloomberg Opinion’s John Authers and columnist Robert Armstrong of the Financial Times – who coined ‘Trump Always Chickens Out’ – join host David Gura to discuss the latest TACO trading statistics and what happens when financial markets have muted reactions to White House headlines.

Hosted by David Gura; Produced by David Fox; Reported by John Authers and Robert Armstrong; Edited by Jeffrey Grocott.

Fact-checking by Eleanor Harrison-Dengate and Rachael Lewis-Krisky; Engineering by Katie McMurran.

Senior Producer: Naomi Shavin; Deputy Executive Producer: Julia Weaver. Executive Producer: Nicole Beemsterboer.

Not long ago, markets would have lurched if a president threatened to impose tariffs, attack a foreign nation or compromise Federal Reserve independence. Since Donald Trump&rsquo;s return to office, though, traders have been buying on these threats and cashing in when they don&rsquo;t come to pass. On today&rsquo;s episode of the Big Take, Bloomberg Opinion&rsquo;s John Authers and columnist Robert Armstrong of the Financial Times &ndash; who coined &lsquo;Trump Always Chickens Out&rsquo; &ndash; join host David Gura to discuss the latest TACO trading statistics and what happens when financial markets have muted reactions to White House headlines.
Hosted by David Gura; Produced by David Fox; Reported by John Authers and Robert Armstrong; Edited by Jeffrey Grocott.
Fact-checking by Eleanor Harrison-Dengate and Rachael Lewis-Krisky; Engineering by Katie McMurran.
Senior Producer: Naomi Shavin; Deputy Executive Producer: Julia Weaver. Executive Producer: Nicole Beemsterboer.

Trump Keeps TACOing. What If Markets Stop Caring?

https://api.omny.fm/orgs/e73c998e-6e60-432f-8610-ae210140c5b1/clips/3ae15193-b581-4b3a-8ceb-b3e0016a46d3/transcript

From sinking Treasuries to global selloffs, the turmoil in Japan’s bond market is being felt far beyond its borders. 

On today’s Big Take Asia Podcast, host K. Oanh Ha sits down with Bloomberg’s Ruth Carson to unpack what’s rattled international investors and why markets are still on tenterhooks.

Read more: Japan Bond Crash Unleashes a $7 Trillion Risk for Global Markets

Further listening: The Dollar’s Dominance Is Unwinding in Asia

Carry Trades, Explained

Hosted by K. Oanh Ha; Produced by: Naomi Ng, Yang Yang; Reported by Ruth Carson; Edited by Paddy Hirsch, Julia Weaver; 

Fact-checking by Eleanor Harrison-Dengate; Engineering by Taka Yasuzawa;

Senior Producer Naomi Shavin; Deputy Executive Producer Julia Weaver; Executive Producer Nicole Beemsterboer

From sinking Treasuries to global selloffs, the turmoil in Japan&rsquo;s bond market is being felt far beyond its borders.&nbsp;
On today&rsquo;s Big Take Asia Podcast, host K. Oanh Ha sits down with Bloomberg&rsquo;s Ruth Carson to unpack what&rsquo;s rattled international investors and why markets are still on tenterhooks.
Read more:&nbsp;<a href="https://www.bloomberg.com/news/features/2026-01-25/japan-bond-market-crash-raises-alarm-for-global-interest-rates?srnd=homepage-asia">Japan Bond Crash Unleashes a $7 Trillion Risk for Global Markets</a>
Further listening:&nbsp;<a href="https://podcasts.apple.com/us/podcast/the-dollars-dominance-is-unwinding-in-asia/id1746141911?i=1000710176094">The Dollar&rsquo;s Dominance Is Unwinding in Asia</a>
<a href="https://podcasts.apple.com/us/podcast/carry-trades-explained/id1746141911?i=1000668218834">Carry Trades, Explained</a>
Hosted by K. Oanh Ha; Produced by: Naomi Ng, Yang Yang; Reported by Ruth Carson; Edited by Paddy Hirsch, Julia Weaver;&nbsp;
Fact-checking by Eleanor Harrison-Dengate; Engineering by Taka Yasuzawa;
Senior Producer Naomi Shavin; Deputy Executive Producer&nbsp;Julia Weaver; Executive Producer&nbsp;Nicole Beemsterboer

Japan’s Bond Crash Sent Shockwaves Through Global Markets

https://api.omny.fm/orgs/e73c998e-6e60-432f-8610-ae210140c5b1/clips/2ea691c3-6eb7-4f3e-8fdc-b3df01474f7e/transcript

What Is Jane Street? And Why Are Regulators Watching It?

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