India’s capital markets regulator has barred U.S.-based trading firm Jane Street Group from participating in the country’s securities market, citing alleged manipulation of equity derivatives that led to unlawful gains of ₹48.4 billion (approx. US$721 million).
In a detailed interim order, the Securities and Exchange Board of India (SEBI) accused Jane Street and its India-incorporated entities of employing strategies that distorted the Bank Nifty index — a benchmark tracking major Indian financial stocks — for profit through options trading.
Support authors and subscribe to content
This is premium stuff. Subscribe to read the entire article.
Login if you have purchased
ADVERTISEMENT
