Explained: What is Jane Street and why Sebi barred it from markets?

Sebi has barred US trading firm Jane Street from Indian markets pending the return of alleged unlawful gains worth Rs 4,840 crore. Here's a detailed explainer on the case.

The Securities and Exchange Board of India (Sebi) has temporarily barred global proprietary trading firm Jane Street from accessing the domestic equities market. The ban will stay until the US firm returns the alleged unlawful gains of ₹4,840 crore.

Here’s an explainer on the market marker. 

 

What is Jane Street? 

Founded in 2000 by a team of traders and technologists in New York, Jane Street is a global proprietary trading. It employs more than 2,600 people in five offices across the United States, Europe, and Asia and trades in 45 countries.

 

How big is Jane Street? 

In 2024, it made