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Synopsis
The Sebi interim order against Jane Street exposes the frailties of the Indian derivatives market – flawed product structures and lopsided composition loaded against the small, individual traders. The regulator might have its task cut out in completing the investigation and standing the judicial scrutiny.
Douglas Schadewald and Rahul Yadav are two totally different-looking ends of the same thread. Their backgrounds couldn’t have been more different. Their credentials couldn’t have been more in contrast. One is a Manhattan-based mathematical genius from Harvard who cut his teeth in big-bracket Wall Street firms. The other is a 10th-pass tax driver from Nalasopara, north of Mumbai, armed with just a tad more than tips from Youtubers and chats with
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