By Bharath Rajeswaran (Reuters) -Trading in India’s weekly equity index options has slumped by a third since the country’s market regulator banned U.S. high-frequency trading giant Jane Street in the local market earlier this month, exchange data showed on Thursday. National Stock Exchange of India – the world’s largest derivatives exchange by number of contracts…
In an interim order, the Securities and Exchange Board of India accused global trading firm Jane Street of deliberately manipulating the index through a series of trades that it said lacked “plausible economic rationale.” SEBI called it a case of “intra-day index manipulation,” flagging what it described as aggressive, unhedged positions in Nifty Bank options…
Asia’s oldest stock exchange was preparing to celebrate its 150th anniversary when a storm of bad news upended the festivities. On Monday, a report revealed deepening losses in equity derivatives among India’s retail traders, fueling concerns that the Securities and Exchange Board of India may impose tighter curbs. Just days earlier, the regulator barred Jane…
Securities and Exchange Board (SEBI) has accused Jane Street, one of Wall Street’s biggest trading firms, of running what it calls “an intentional, well planned, and sinister scheme” to distort the country’s markets. The Financial Times reported the regulator’s findings on Monday. Reuters has not verified this independently. On Friday, SEBI barred Jane Street from…
Getty Images 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…
(Bloomberg) — India has temporarily barred Jane Street Group LLC from accessing the local securities market for alleged index manipulation, dealing a severe hit to the US firm that made $4.3 billion in trading gains there in more than two years. Most Read from Bloomberg The Securities and Exchange Board of India said it would…
Sebi‘s crackdown on Jane Street has jolted the country’s financial markets, exposing regulatory blind spots and triggering urgent debate over whether the regulator can keep pace with the speed, complexity, and scale of modern derivatives trading. As the dust settles, all eyes are now on the regulator’s next move, and whether it can restore trust…
In April 2024, the regulator acted upon some media reports informing on a legal matter of Jane Street Group. The issue pertained to unfair use of prop trading methods in the Indian stock market. Thereafter, in July, the National Stock Exchange looked into the issue, and upon an interaction with SEBI in August, the group…
Henderson Land Development, one of Hong Kong’s largest developers, has leased a 223,437 sq ft space in its prized mixed-use project in Central to Jane Street Asia in one of the largest leasing transactions in the city’s main business district in decades. The rent for the space, across six floors in New Central Harbourfront, will…