MUMBAI: Markets regulator Sebi’s Rs 4,850-crore disgorgement order against global algo-based trader Jane Street group and its temporary ban from Dalal Street – for market manipulation – is unlikely to deter proprietary (prop) firms from trading on domestic bourses. Rather, the clampdown is expected to improve compliance and corporate governance among brokerages and funds that trade with prop funds, market …
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SEBI Chairman Tuhin Kanta Pandey Capital markets regulator Sebi stepped up surveillance for the stock market and warned that any kind of manipulation will not be tolerated. Sebi Chairman Tuhin Kanta Pandey made this clear on Saturday, a day after the regulator passed an interim order against US-based hedge fund Jane Street Group.Pandey said monitoring has been tightened both by …
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SEBI investigation into Jane Street profits highlights worrying aspects about India’s derivatives market structure. (AI image) Jane Street Group, the US trading powerhouse that was slapped with a trading ban in Indian markets on Friday, made a whopping Rs 735 crore single-day profit during a January 2024 trading session, according to a SEBI order published that day.The substantial earnings were …
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