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Jane Street plans to fight in Indian finance search that Clading Firming on Wall Street shares “a deliberate, and sinful design” to accumulate country markets.
Friday, Securities and Exchange Board of India are prohibited from US trading from dealing with country insecurities, declaring it is systematically manipulate Indian bank stocks to trigger multiple fees to relevant derivatives. Sebi also ordered Jane Street to return more than $ 550mm “illegal profits”.
In a memo sent to nearly 3,000 employees on Sunday, Jane’s senior management on Street said they are “more disappointed” in “more failure” in a formal response “to change them.
“It is very angry to see strong mistakes in this way,” says the memo, a copy of the financial season. “We are proud of the role we serve in the world markets, and illnesses that our company’s reputation is based on many errors or unsupported expressions.”
Sebi says last week that Jane Street has 21 days to disobey the order and ask a hearing.
Jane Street One of the greatest and most successful to a new generation of “proprietary trading companies” arising over the past two decades and becomes more influential in many markets.
New York company headquarted head that almost doubles trading revenues at $ 20.5bn last year, pulling out many banks on Wall Street. In the first quarter of 2025 Jane Street has increased net trading revenues of $ 7.2bn, more than Morgan Stanley.
Sebi’s investigation has been triggered with revelations from a suit launched by Jane Street last year against Millennium Management and two former businessmen have moved to Hedge funds.
Jane’s Complaint says the merchants steal a more precious trading strategy, which is later revealed to change Indian options.
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Sebi’s investigation is more focused on Jane street trading in parts, futures and options tied to Banknif India’s banking stock index, but regulators shown on the weekend they also look at other corners in Indian financial markets.
Memo on Jane Staff staff says Indian regulator uses “a metric for economic and aggressive trade effect that seems to be discussion from actual market dynamics”. This is arguing that trading details on January 17, 2024 – One of the days highlighted in Sebi’s report – indeed indicated the “standard industry arbitrage method.
Jane’s executives in Sebane are also angry with Sebi’s expression that the company ignores the concerns of the locals and has not been shocked by indentation activities.
This allegation “feeling better than reality”, said Jane Street. The trading company says it is at the time that it immediately turns its trade “until we understand the concerns of the exchange of” likes “.
“Once again, we left this process that we reached an understanding of concerns and showing changes to our behavior,” as the memo. “Since February, we have always made efforts to communicate with Shebi and are always changed.”
