Jane Street’s India Revenue Shrank Before SEBI Trading Ban
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Jane Street Group produced only 3% of the first half of the net trade revenue from India, where the country’s securities regulators and exchange operators rejected abuse allegations.
According to people who are familiar with the issue that asks for not publicly open information, approximately $ 500 million from India reached less than half of the $ 2.3 billion Jane Street withdrawn from this nation for the entire 2024. India contributed to more than 10% of the total last year.
The Indian securities and stock exchange board temporarily banned the New York-based company from the country’s securities market in a period of July 3, and was accused of allegations rejected by manipulative transactions containing local options and shares.
In a note made to the staff that month, Jane Street, in February, India’s National Stock Exchange and the opponent BSE Ltd. after receiving a letter to stop trading in India, he said.
Jane Street Representative Refused to comment on Indian income figures.
Sebi said that at a 105 -page bomb order in May, Jane Street took the positions of large index options and continued to use a weekly “expiration -centered expanded expanded marking strategy even after all the regulatory red flags that the company is aware of.
The allegations against Jane Street kept global financing and pitted one of the most successful and secret trade companies in the world against the organizers in the largest self -derivative market. The case has effects on other high -frequency trade companies that flocked to the South Asian nation due to a retail explosion in stock options.
Even with a decrease in income in India, Jane Street still earned a record of 10.1 billion dollars in the second quarter of the world in the second quarter, and defeated the largest banks of Wall Street while gaining the benefit of the trade war volatility that made the market. According to people with subject information, the income figure increased more than twice a year ago.
Jane Street applied to appeal at the Indian Court to object to Sebi’s allegations. The company claimed that Sebı had rejected access to important documents to defend against market manipulation charges and asked the court to order the Indian regulator to give the relevant materials to “full and free” control.
In appeal, Jane Street argued that Sebi’s surveillance department has already reviewed the same trade activity and could not find evidence of manipulation months before the order of July. At that time, the company had invested 48.4 billion rupees ($ 550 million) in an account to comply with the decision, and then lifted the regulatory temporary trade ban.
(Adds the appeal details in the last paragraph.)
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