Jane Street continues to hire at IITs despite ongoing regulatory proceedings: Report

Jane Street continues to hire at IITs despite ongoing regulatory proceedings: Report

• Jane Street hires IIT students for Hong Kong team despite SEBI dispute
• Offers made via pre-placement internships, not main placement season
• Past roles at Jane Street have paid over Rs 4 crore annually at IITs

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High frequency trading (HFT) firm Jane Street continues to hire from Indian Institute of Technology (IIT) campuses despite ongoing regulatory proceedings, said a report.

The New York-headquartered firm has recruited students from the class of 2026 for its Hong Kong team, even as its dispute with market regulator SEBI is set to be heard by the Securities Appellate Tribunal this month, reported Mint newspaper.

Citing an executive aware of the development, the report said Jane Street has recruited from IIT Bombay, Delhi and Madras.

These offers were made through pre-placement routes rather than the main placement season, according to the report. That typically means students intern first, then receive full-time offers based on performance. In this case, the selected candidates from the 2026 batch would have interned during the summer of 2025.

Past offers from the firm for similar roles have crossed Rs 4 crore annually, placing it among the highest-paying recruiters at IITs. The recruits are required to analyse markets using mathematical and statistical models and recommend strategies.

Other firms active in this space include Optiver, Squarepoint, Tibra, JPMC Quant and Maverick Derivatives. Recent campus seasons have also seen names such as Quantbox Research, Graviton Research Capital and Quadeye.

Jane Street made nearly $7 billion in trading revenue in the third quarter, traded equities, stock futures and index options in India after it began operations following the pandemic.

New York-based Jane Street was accused by SEBI of manipulating the local stock market in a July 3 interim order. The regulator added that the company made more than $4 billion in profits by trading stocks, futures and options in little over two years through March.

Jane Street Group LLC’s unit in India reported an almost six-fold jump in trading gains for the financial year ended March before its operations were brought to an abrupt halt by the regulator on allegations of market manipulation last year.

Net trading gains after accounting for transaction charges stood at Rs 4,700 crore for the year at JSI Investment Pvt. — a unit of Jane Street Group — compared with Rs 790 crore the previous year, filings with the Indian government showed. After-tax profit was Rs 2,840 crore, up 494% from a year ago.