business

SEBI's Crackdown On Jane Street, Bars U.S. Trading Firm From Indian Markets

he Securities and Exchange Board of India (SEBI) has barred U.S. trading firm Jane Street from participating in India’s securities markets, citing suspected manipulation through equity derivatives. An interim order issued on July 3 prohibits the firm from buying, selling, or dealing in securities directly or indirectly. SEBI also seeks to recover ₹48.4 billion (\$566.71 million) it claims were gained through improper practices. Jane Street has denied the allegations, stating it will engage further with SEBI and maintains its commitment to regulatory compliance globally. The regulatory action is ongoing, with SEBI continuing to monitor Jane Street’s existing positions. This development comes amid growing interest from global trading firms like Citadel Securities, IMC Trading, Millennium, and Optiver, which are expanding into India’s booming derivatives market. The case underscores increased scrutiny on foreign players as India becomes an increasingly important hub for financial trading activity.

first published: Jul 4, 2025 11:43 am