Jane Street Muscles Into Physical Gas Market in Trading Push

Jane Street is looking to expand its trading unit for physical natural gas, a market that requires manual and quantitative prowess as banks and investment firms have shied away from trading the commodity in recent years.
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.