Jane Street sought order logs and counterparty details from Sebi to prepare its defence against the July 2025 interim order alleging manipulation of the Bank Nifty index.
Jane Street seeks order logs and counterparty details to defend itself in the market manipulation case, while Sebi argues that it has disclosed all material relied upon so far
The tribunal asks Sebi to specify material shared beyond its legal obligations as Jane Street seeks trading data and other documents; the hearing continues on Thursday.
The Securities and Exchange Board of India has provided time, quantity and pricing details of actual trades
Sebi told SAT that Jane Street has received sufficient material to answer manipulation allegations and should explain its trading conduct instead of seeking more documents
Sebi has signaled internally that it is getting more proactive in examining transactions by domestic and international traders as part of an effort to protect retail investors
The hearing in the Securities Appellate Tribunal (SAT) on the appeal filed by US-based high-frequency trading firm Jane Street was adjourned on Friday
The Budget has indeed woken up the sleeping markets, just not the way the government's fans would have expected
Jane Street accounts for less than 2% of overall ETF trading in mainland China, according to a person briefed on the matter
Sebi is expected to conclude its investigation soon, according to people in the know
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 told SAT Sebi ignored its own surveillance report and sought access to NSE communications and regulator emails in the ₹4,840-cr case
The Securities Appellate Tribunal begins hearing Jane Street's challenge to Sebi's July order amid claims of withheld documents and unfair trading ban
SEBI on July 4 temporarily barred the firm from local markets on allegations of market manipulation, which the company has denied