The Securities and Exchange Board of India (SEBI) has prohibited Jane Street, a prominent U.S. quant trading firm, from Indian markets due to alleged “unlawful gains.” SEBI impounded ₹4,841 crore from Jane Street amidst disputes over the findings.
Key highlights:
• Jane Street, founded in 2000, operates in 45 countries with an annual revenue of $20.5 billion.
• SEBI claims Jane Street’s India entities profited $5 billion from equity options between 2023-2025.
• Jane Street’s India presence grew contentious after suing Millennium Management over alleged strategy theft involving Indian options.
• The ban on Jane Street signifies SEBI’s strictest action against a foreign trading entity.
The development raises questions about oversight and foreign investment impact on Indian markets.
Source: Business News Today, Latest Finance News | The Hindu