SEBI Slaps Jane Street – But is the Market Broken?
Update: 2025-07-09
Description
SEBI’s explosive interim order against Jane Street—a US-based quant trading giant—uncovers alleged large-scale manipulation of India’s derivatives market. With Rs43,000+ crore in profits and Rs4,843 crore impounded as illegal gains, the case raises serious questions about the depth, fairness, and infrastructure of our markets.
Veteran journalist Sucheta Dalal breaks down the complex mechanics of the alleged expiry-day rigging, compares it to the infamous NSE co-location scandal, and asks: is India’s capital market too shallow and surveillance too weak to handle global algorithmic players?
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