Following its exclusion from the securities market by India’s market regulator, the trading behemoth Jane Street, located in New York, has been the subject of intense scrutiny in recent weeks.
Jane Street is accused of engaging in a “sinister scheme” by the Securities and Exchange Board of India (Sebi), which oversees the Indian stock market. The regulator claims that Jane Street’s “manipulation” of the market has caused small investors to trade at “unfavourable and misleading prices.”
The Financial Times claims that Jane Street informed employees in an internal email that it was “beyond disappointed” by the SEC’s ruling and intended to contest it. However, the business has not replied to the BBC’s request for comment.
In a modest New York office, a handful of traders and scientists formed Jane Street. It is a quantitative trading company that bases its trading strategy decisions on mathematical models and algorithms.
Over 3,000 people work for the organization, which trades in 45 countries and a variety of asset types. The company was a major participant on Wall Street in 2023, accounting for more than 10% of North America’s equities trading activity, according to the Financial Times.
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