India’s market regulator Sebi has barred U.S.-based trading giant Jane Street Group and its affiliates from accessing Indian markets, citing evidence of index manipulation and derivatives abuse. In a 105-page interim order issued Friday, Sebi alleged the firm distorted Nifty and Bank Nifty indices using complex expiry-day strategies, misleading retail traders. The regulator has frozen Rs 4,840 crore in alleged profits and banned four Jane Street entities.
Here are 10 things to know about how one of Wall Street’s most secretive firms made Rs 36,500 crore by gaming Dalal Street.
