Reported about 11 hours ago
India has restricted Jane Street, a major quant trading firm, from its securities market due to allegations of 'unlawful gains' during trading, making it the most severe action against a foreign firm. The market regulator also seized $567 million from the company, which disputes the claims. Jane Street, established in 2000 with over 3,000 employees, is known for using advanced quantitative analysis in trading. The firm operates in India through multiple entities and made significant profits from equity options trading, but its activities have drawn scrutiny for potential market manipulation.
Source: YAHOO