INSUBCONTINENT EXCLUSIVE:
Global proprietary trading powerhouse Jane Street Group LLC, which has made headlines for alleged manipulation in India's derivatives market
through associate entities, had offered a Rs 4.3-crore annual package to an IIT Madras student prior to the Sebi ban order
with its global practice of hiring from top-tier universities such as MIT, Harvard, Cambridge, Oxford, Princeton, and Stanford.And yet the
JSI Investments Private Limited and JSI2 Investments Private Ltd
Jane Street pulled off a Rs 36,500 crore alleged market scam making a whopping Rs 43,289 crore options profits while deliberately losing Rs
7,208 crore in futures and equities.
Live EventsThe market watchdog in a 105 page order issued on Thursday imposed comprehensive interim
restrictions on Jane Street pending detailed investigation
Jane Street entities are completely restrained from accessing securities markets and prohibited from buying, selling, or dealing in
securities directly or indirectly.The regulator also ordered impounding of Rs 4,843.57 crore in unlawful gains, requiring Jane Street to
deposit this amount in an escrow account with a lien in favor of SEBI
All bank accounts, demat accounts, and custodial accounts are frozen, with no debits allowed without SEBI permission (though credits can be
accepted).Jane Street has contested the order and stated it will engage further with the Sebi
where we operate globally
and how it made Rs 36,500 crore profit by gaming Dalal StreetFounded in 2000, Jane Street is renowned globally as one of the most
sophisticated high-frequency trading (HFT) firms, executing trades worth hundreds of billions of dollars across multiple asset classes
The company employs over 2,600 people across five offices spanning the US, Europe, and Asia, and operates in 45 countries.The Jane Street
opening of trading accounts
Sebi concluded that this domain association corroborates the view that all the entities form part of the global operations of the Jane
Street Group.Read More: Sebi may widen Jane Street probe to other indices, exchanges: ReportJane Street seeks individuals with exceptional
mathematical abilities and advanced programming skills, crucial for roles at its high-stakes trading desks
Its recruitment process is famously rigorous, involving multiple rounds of challenging quantitative interviews, probability puzzles, coding
assessments, and real-time problem-solving tasks designed to test not just technical knowledge but also mental agility.India offers the
company a reservoir of talented engineers and quantitative specialists
By building a strong presence in India, Jane Street aimed to tap into local talent for its global trading strategies while capitalizing on
stock exchangesGlobally, Jane Street operates through various regulated entities, including SEC-registered broker-dealers in the US,
underscoring its commitment to rigorous compliance and operational excellence.(Disclaimer: Recommendations, suggestions, views and opinions
given by the experts are their own
These do not represent the views of Economic Times)
