It's business as usual for Jane Street, at least globally; hiring mode on, no mention of SEBI order on site

Jane Street has offices across the globe in Hong Kong, London, New York, Singapore, Austin and Mumbai.

Global high frequency trading major Jane Street may well be under the regulatory scanner in India, but it seems it is business as usual in other geographies that it operates in. The trading firm is on a hiring spree, including on the lookout for experts of machine learning and quant trading.

More importantly, there is no mention of the SEBI order or the Rs 4,844 crore that it has deposited to resume trading in the Indian markets on the website even though it has an active blog/update section on the portal.

Jane Street has offices across the globe in Hong Kong, London, New York, Singapore, Austin and Mumbai and is looking to hire as many as 150 people across locations though the majority of hiring is for offices in New York, London and Hong Kong.

Furthermore, the global HFT major is looking for at least two dozen experienced people in the trading, research and machine learning divisions again for their offices in New York, London and Hong Kong. This is the division that includes quantitative traders and options traders along with machine learning researchers and engineers.

Meanwhile, it is also open to offer internship opportunities to students and new graduates in various divisions, including machine learning and trading.

Interestingly, even as the trading firm is looking to beef up its trading and research capabilities, there is no mention on the website of Jane Street of the order by the Securities and Exchange Board of India (SEBI) or the Rs 4,844 crore that it has deposited to resume trading in the Indian markets — even though there is an active blog and updates section on the portal.

Earlier this week, the capital market regulator clarified that that it has lifted the trading ban -- subject to certain conditions -- on Jane Street after the company deposited nearly Rs 4,844 crore in an escrow account, as per the directions issued in the July 3 SEBI order.

As per a statement issued by SEBI, Jane Street entities have been directed to cease and desist from directly or indirectly engaging in any fraudulent, manipulative or unfair trade practice or undertaking any activity, either directly or indirectly, that may be in breach of regulatory norm, including by dealing in securities using any of the patterns identified or alluded to in the interim order.

The statement further added that the entities have confirmed that they will comply with this. Meanwhile, the regulator has also directed the stock exchanges to closely monitor any future dealings and positions of Jane Street Group on an ongoing basis.