In its most stringent punishment issued to date, the Securities and Exchange Board of India (SEBI) has temporarily banned US high-frequency trading firm Jane Street from its domestic securities market. And it has ordered the disgorgement of over $563m in profits over accusations that the firm engaged in illegal market
Indian securities regulator temporarily bans Jane Street, impounds $563m
SEBI claimed that Jane Street engaged in market manipulation, portending the end of a lucrative era in the Indian options market.