{"id":14746,"date":"2025-07-04T08:02:28","date_gmt":"2025-07-04T08:02:28","guid":{"rendered":"https:\/\/infundpros.com\/?p=14746"},"modified":"2025-07-04T08:02:29","modified_gmt":"2025-07-04T08:02:29","slug":"indian-regulator-bans-jane-street-from-dealing-securities","status":"publish","type":"post","link":"https:\/\/infundpros.com\/?p=14746","title":{"rendered":"Indian regulator bans Jane Street from dealing securities"},"content":{"rendered":"<div>\n<p>Unlock the Editor\u2019s Digest for free<\/p>\n<p class=\"article__content-sign-up-topic-description o3-type-body-base\"><span>Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.<\/span><\/p>\n<p><iframe class=\"article__content-sign-up-iframe close\" scrolling=\"no\" id=\"signUpIframe\" data-prev-url=\"\/register\/in-article-sign-up?ft-content-uuid=bf4fbf13-a22e-4145-9c19-1492cca9167d\"><\/iframe><\/div>\n<div id=\"article-body\">\n<p>India\u2019s stock market regulator has banned Jane Street from dealing securities in the country, accusing the New York-based trading firm of a \u201csinister scheme\u201d to manipulate derivatives markets.<\/p>\n<p>The Securities and Exchange Board of India said its decision to limit Jane Street\u2019s access to India\u2019s securities markets stemmed from a months-long investigation.<\/p>\n<p>\u201cJS Group was undertaking an intentional, well planned, and sinister scheme and artifice to manipulate cash &amp; futures markets and hence manipulate the BANKNIFTY [Indian bank stocks] index level, to entice small investors to trade at unfavourable and misleading prices, and to the advantage of the JS Group,\u201d the regulator said in its interim order.<\/p>\n<p>\u201cEntities are restrained from accessing the securities market and are further prohibited from buying, selling or otherwise dealing in securities, directly or indirectly,\u201d it added. <\/p>\n<p>The regulator has asked Jane Street to put $550mn of \u201cillegal gains\u201d in an escrow account, the statement said. If this money is transferred, a person close to the investigation said, the ban could be lifted. Under Indian law, the company could ultimately face a fine up to three times that amount. <\/p>\n<p>Jane Street, one of the largest foreign traders in India\u2019s securities market, has made billions of dollars in recent years from trading options in the country. The group\u2019s global trading revenue last year nearly doubled to more than $20bn, helping it generate profits rivalling those of Goldman Sachs and Morgan Stanley.<\/p>\n<p>In April 2024, the firm sued hedge fund Millennium Management and two former Jane Street employees for allegedly stealing trade secrets by employing a strategy that lawyers for Millennium and the two traders said was focused on India\u2019s options market. The parties settled in December.<\/p>\n<p>The lawsuit drew Sebi\u2019s attention to Jane Street\u2019s trading activities, the regulator said in the interim order published to its website and dated on Thursday.<\/p>\n<p>Sebi last year raised barriers on derivatives trading to curb a frenzy of retail investors piling into the risky market, with 90 per cent of retail investors losing money on the trades last year, according to the regulator. India accounted for nearly 89 per cent of equity options trade volume globally last year, according to the Futures Industry Association.<\/p>\n<p>In its order on Thursday, Sebi said its findings pointed to Jane Street manipulating India\u2019s Nifty Bank index \u201cby aggressively influencing the underlying cash and futures market with significant volumes\u201d close to the day the stock index options expire.<\/p>\n<p>\u201cThis in turn can allow them to put on significantly larger and profitable positions in the highly liquid index options market by misleading and enticing large numbers of smaller individual traders,\u201d said the regulator, noting that doing so would violate its rules against fraudulent and unfair trade practices.<\/p>\n<p>By February, Sebi officials had determined that Jane Street \u201cappeared to be engaging in activities in violation\u201d of the regulator\u2019s rules on fair trading and issued a letter of caution to the company.<\/p>\n<p>Sebi said Jane Street appeared to be operating \u201cin disregard of the caution letter\u201d as recently as May 15. Jane Street has 21 days to object to the order and request a hearing, said the regulator.<\/p>\n<p>\u201cJane Street disputes the findings of the SEBI interim order and will further engage with the regulator,\u201d said a spokesperson for the firm. <\/p>\n<p>\u201cJane Street is committed to operating in compliance with all regulations in the regions we operate around the world.\u201d<\/p>\n<\/div>\n<p>Read the full article <a href=\"https:\/\/www.ft.com\/content\/bf4fbf13-a22e-4145-9c19-1492cca9167d\" target=\"_blank\" rel=\"noopener\" rel=\"nofollow\">here<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Unlock the Editor\u2019s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. India\u2019s stock&#8230;<\/p>\n","protected":false},"author":1,"featured_media":14747,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[22],"tags":[],"class_list":{"0":"post-14746","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-business"},"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v21.3 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Indian regulator bans Jane Street from dealing securities | inFundPros<\/title>\n<meta name=\"description\" content=\"Unlock the Editor\u2019s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.India\u2019s stock market regulator\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/infundpros.com\/?p=14746\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Indian regulator bans Jane Street from dealing securities | inFundPros\" \/>\n<meta property=\"og:description\" content=\"Unlock the Editor\u2019s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.India\u2019s stock market regulator\" \/>\n<meta property=\"og:url\" content=\"https:\/\/infundpros.com\/?p=14746\" \/>\n<meta property=\"og:site_name\" content=\"inFundPros\" \/>\n<meta property=\"article:published_time\" content=\"2025-07-04T08:02:28+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2025-07-04T08:02:29+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/infundpros.com\/wp-content\/uploads\/2025\/07\/https3A2F2Fd1e00ek4ebabms.cloudfront.net2Fproduction2F756e2573-1f60-4b38-b620-9e10f13a5f0d.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"700\" \/>\n\t<meta property=\"og:image:height\" content=\"394\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Press Room\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Press Room\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/infundpros.com\/?p=14746#article\",\"isPartOf\":{\"@id\":\"https:\/\/infundpros.com\/?p=14746\"},\"author\":{\"name\":\"Press Room\",\"@id\":\"https:\/\/infundpros.com\/#\/schema\/person\/87f7e632b195ea95c91503d9281f5eff\"},\"headline\":\"Indian regulator bans Jane Street from dealing securities\",\"datePublished\":\"2025-07-04T08:02:28+00:00\",\"dateModified\":\"2025-07-04T08:02:29+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/infundpros.com\/?p=14746\"},\"wordCount\":601,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\/\/infundpros.com\/#organization\"},\"articleSection\":[\"Business\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/infundpros.com\/?p=14746#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/infundpros.com\/?p=14746\",\"url\":\"https:\/\/infundpros.com\/?p=14746\",\"name\":\"Indian regulator bans Jane Street from dealing securities | inFundPros\",\"isPartOf\":{\"@id\":\"https:\/\/infundpros.com\/#website\"},\"datePublished\":\"2025-07-04T08:02:28+00:00\",\"dateModified\":\"2025-07-04T08:02:29+00:00\",\"description\":\"Unlock the Editor\u2019s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.India\u2019s stock market regulator\",\"breadcrumb\":{\"@id\":\"https:\/\/infundpros.com\/?p=14746#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/infundpros.com\/?p=14746\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/infundpros.com\/?p=14746#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/infundpros.com\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Indian regulator bans Jane Street from dealing securities\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/infundpros.com\/#website\",\"url\":\"https:\/\/infundpros.com\/\",\"name\":\"Fintech Advance\",\"description\":\"Latest Finance and Tech News and Updates\",\"publisher\":{\"@id\":\"https:\/\/infundpros.com\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/infundpros.com\/?s={search_term_string}\"},\"query-input\":\"required name=search_term_string\"}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/infundpros.com\/#organization\",\"name\":\"Fintech Advance\",\"url\":\"https:\/\/infundpros.com\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/infundpros.com\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/infundpros.com\/wp-content\/uploads\/2023\/10\/tech-logo.png\",\"contentUrl\":\"https:\/\/infundpros.com\/wp-content\/uploads\/2023\/10\/tech-logo.png\",\"width\":409,\"height\":70,\"caption\":\"Fintech Advance\"},\"image\":{\"@id\":\"https:\/\/infundpros.com\/#\/schema\/logo\/image\/\"}},{\"@type\":\"Person\",\"@id\":\"https:\/\/infundpros.com\/#\/schema\/person\/87f7e632b195ea95c91503d9281f5eff\",\"name\":\"Press Room\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/infundpros.com\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/infundpros.com\/wp-content\/uploads\/2023\/10\/avatar_user_1_1697230663-96x96.png\",\"contentUrl\":\"https:\/\/infundpros.com\/wp-content\/uploads\/2023\/10\/avatar_user_1_1697230663-96x96.png\",\"caption\":\"Press Room\"},\"sameAs\":[\"https:\/\/infundpros.com\"],\"url\":\"https:\/\/infundpros.com\/?author=1\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Indian regulator bans Jane Street from dealing securities | inFundPros","description":"Unlock the Editor\u2019s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.India\u2019s stock market regulator","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/infundpros.com\/?p=14746","og_locale":"en_US","og_type":"article","og_title":"Indian regulator bans Jane Street from dealing securities | inFundPros","og_description":"Unlock the Editor\u2019s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.India\u2019s stock market regulator","og_url":"https:\/\/infundpros.com\/?p=14746","og_site_name":"inFundPros","article_published_time":"2025-07-04T08:02:28+00:00","article_modified_time":"2025-07-04T08:02:29+00:00","og_image":[{"width":700,"height":394,"url":"https:\/\/infundpros.com\/wp-content\/uploads\/2025\/07\/https3A2F2Fd1e00ek4ebabms.cloudfront.net2Fproduction2F756e2573-1f60-4b38-b620-9e10f13a5f0d.jpg","type":"image\/jpeg"}],"author":"Press Room","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Press Room","Est. reading time":"3 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/infundpros.com\/?p=14746#article","isPartOf":{"@id":"https:\/\/infundpros.com\/?p=14746"},"author":{"name":"Press Room","@id":"https:\/\/infundpros.com\/#\/schema\/person\/87f7e632b195ea95c91503d9281f5eff"},"headline":"Indian regulator bans Jane Street from dealing securities","datePublished":"2025-07-04T08:02:28+00:00","dateModified":"2025-07-04T08:02:29+00:00","mainEntityOfPage":{"@id":"https:\/\/infundpros.com\/?p=14746"},"wordCount":601,"commentCount":0,"publisher":{"@id":"https:\/\/infundpros.com\/#organization"},"articleSection":["Business"],"inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/infundpros.com\/?p=14746#respond"]}]},{"@type":"WebPage","@id":"https:\/\/infundpros.com\/?p=14746","url":"https:\/\/infundpros.com\/?p=14746","name":"Indian regulator bans Jane Street from dealing securities | inFundPros","isPartOf":{"@id":"https:\/\/infundpros.com\/#website"},"datePublished":"2025-07-04T08:02:28+00:00","dateModified":"2025-07-04T08:02:29+00:00","description":"Unlock the Editor\u2019s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.India\u2019s stock market regulator","breadcrumb":{"@id":"https:\/\/infundpros.com\/?p=14746#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/infundpros.com\/?p=14746"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/infundpros.com\/?p=14746#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/infundpros.com\/"},{"@type":"ListItem","position":2,"name":"Indian regulator bans Jane Street from dealing securities"}]},{"@type":"WebSite","@id":"https:\/\/infundpros.com\/#website","url":"https:\/\/infundpros.com\/","name":"Fintech Advance","description":"Latest Finance and Tech News and Updates","publisher":{"@id":"https:\/\/infundpros.com\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/infundpros.com\/?s={search_term_string}"},"query-input":"required name=search_term_string"}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/infundpros.com\/#organization","name":"Fintech Advance","url":"https:\/\/infundpros.com\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/infundpros.com\/#\/schema\/logo\/image\/","url":"https:\/\/infundpros.com\/wp-content\/uploads\/2023\/10\/tech-logo.png","contentUrl":"https:\/\/infundpros.com\/wp-content\/uploads\/2023\/10\/tech-logo.png","width":409,"height":70,"caption":"Fintech Advance"},"image":{"@id":"https:\/\/infundpros.com\/#\/schema\/logo\/image\/"}},{"@type":"Person","@id":"https:\/\/infundpros.com\/#\/schema\/person\/87f7e632b195ea95c91503d9281f5eff","name":"Press Room","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/infundpros.com\/#\/schema\/person\/image\/","url":"https:\/\/infundpros.com\/wp-content\/uploads\/2023\/10\/avatar_user_1_1697230663-96x96.png","contentUrl":"https:\/\/infundpros.com\/wp-content\/uploads\/2023\/10\/avatar_user_1_1697230663-96x96.png","caption":"Press Room"},"sameAs":["https:\/\/infundpros.com"],"url":"https:\/\/infundpros.com\/?author=1"}]}},"amp_enabled":true,"_links":{"self":[{"href":"https:\/\/infundpros.com\/index.php?rest_route=\/wp\/v2\/posts\/14746","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infundpros.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infundpros.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infundpros.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/infundpros.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=14746"}],"version-history":[{"count":1,"href":"https:\/\/infundpros.com\/index.php?rest_route=\/wp\/v2\/posts\/14746\/revisions"}],"predecessor-version":[{"id":14748,"href":"https:\/\/infundpros.com\/index.php?rest_route=\/wp\/v2\/posts\/14746\/revisions\/14748"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/infundpros.com\/index.php?rest_route=\/wp\/v2\/media\/14747"}],"wp:attachment":[{"href":"https:\/\/infundpros.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=14746"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infundpros.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=14746"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infundpros.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=14746"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}