Reported 20 days ago
Jane Street Group and Millennium Management have settled a lawsuit concerning the alleged misappropriation of a billion-dollar trading strategy related to Indian options. The federal court filing confirmed that Jane Street would dismiss its case against Millennium and two traders who left to join Millennium. While the settlement terms remain undisclosed, the case highlighted the complexities of trade secrets in quantitative trading and the increasing interest of firms in the Indian securities market.
Source: YAHOO