US EditionJane Street to Contest Indian Regulator’s Manipulation Charges
INDIA, JUL 7 – SEBI barred Jane Street for manipulating Indian derivatives markets, seizing Rs 4,843 crore in alleged illegal profits from aggressive trading strategies exploiting regulatory loopholes.
- On Friday, SEBI barred Jane Street from Indian markets and seized $567 million of its funds, citing manipulative trading practices.
- SEBI’s investigation traces back to media reports in April 2024 and warnings about Jane Street’s index trading tactics, leading to accusations of index manipulation on expiry days.
- SEBI estimates a ₹662 crore profit on January 17, 2024, and identified 15 similar days plus 3 variants using the same blueprint.
- Following the ban, SEBI plans to expand its investigation across multiple exchanges and indexes to strengthen oversight of derivatives trading.
- SEBI is upgrading its surveillance systems as India now accounts for nearly 60% of global equity derivatives volume, reflecting efforts to strengthen market integrity amid recent manipulation cases.
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Center
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Total News Sources25
Leaning Left3Leaning Right5Center3Last UpdatedBias Distribution45% Right
Bias Distribution
- 45% of the sources lean Right
45% Right
L 27%
C 27%
R 45%
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