SEBI just slapped a $566 million fine on Jane Street - here's what traders need to know
Key Points
- Jane Street Group faces a hefty Rs 4,846 crore ($566 million...
Jane Street Group just learned that playing fast and loose with India's derivatives market comes with a price tag of Rs 4,846 crore (roughly $566 million). The US trading firm found itself on the wrong side of SEBI's enforcement hammer after allegedly manipulating index options and cash markets like they were playing a rigged carnival game.
When "Smart Money" Gets Not-So-Smart
The Securities and Exchange Board of India dropped the ban hammer on July 3, effectively telling Jane Street to take their trading algorithms and find the exit. The regulator's interim order accused the firm of exp...
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