Jane Street curbed in India after $4.3 billion trading gain
Briefly

India's Securities and Exchange Board has temporarily barred Jane Street Group LLC from the local securities market due to alleged index manipulation. The regulator plans to seize 48.4 billion rupees ($570 million) claimed as unlawful gains. Jane Street has seen significant profitability in India, making $4.3 billion over two years. The order signifies a rare action against a foreign firm. Equity trading in India has become prominent, and this move sends a message to high-frequency trading institutions about regulatory oversight.
The Securities and Exchange Board of India said it would seize 48.4 billion rupees ($570 million) from Jane Street, which it claimed is the total amount of "unlawful gains" made by the firm.
Jane Street made about 365 billion rupees ($4.3 billion) in overall gain from trading in Indian derivatives and cash market during the period between January 2023 and March 2025.
SEBI's order marks a rare instance of such an action against a foreign entity, signaling accountability for high-frequency trading practices.
"SEBI is sending a message to global HFT giants that you are welcome to trade here but if you undertake unfair practices then we also hold a stick," said Tejas Shah.
Read at Fortune Asia
[
|
]