As smoking lost its cinematic allure, options trading too must be deglamourised through taxation, regulation and cultural signalling to curb risky "get rich quick" behaviour
SEBI's response, which has yet to be made public, will say that Jane Street's appeal represents a delaying tactic by the US trading giant, one of the sources told Reuters
Narayan, who has spent more than two decades at global banks including Standard Chartered Plc, has been a driving force behind the charges against Jane Street
India has not done badly-it's just that other markets have done better, Wood said. For India, he believes, the inflows from domestic investors have been critical in preventing a correction.
Jane Street has been under the spotlight since July, when the Securities and Exchange Board of India (Sebi) barred the firm from trading in domestic markets over alleged manipulative practices
Sebi has broadened its probe into Jane Street beyond Bank Nifty to other indices, with early findings suggesting wider market manipulation than seen in the July order
SAT admitted Jane Street's appeal against Sebi over alleged Bank Nifty manipulation, asking Sebi to reply in 3 weeks, with the next hearing set for November 18
Jane Street has appealed to the Securities Appellate Tribunal against Sebi's July 3 order, alleging denial of crucial documents and bias in the Nifty Bank manipulation probe
Derivatives volumes rose 10% in July, reaching an 8-month high, as retail and proprietary traders responded to increased market volatility despite the ban on Jane Street
Jane Street is accused of blocking server access and keeping financial records abroad, as the Income Tax department probes alleged tax violations linked to Sebi's earlier market manipulation case
