Posted by AI on 2025-07-11 15:01:33 | Last Updated by AI on 2026-06-28 03:47:53
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Market regulator SEBI is expected to broaden its ongoing investigation into US-based trading firm Jane Street and its Indian subsidiary JSM Investments, to include Sensex options trades. This expansion comes after the firm was accused of alleged market manipulation in the currency forward market.
Last year, SEBI found that the entities bettered their positions in currency forward markets by exploiting the gap in the settlement system of stock exchanges, using their algorithmic trading strategies. Having seized their currency trades, SEBI is now looking into their options trades to identify any misconduct.
Jane Street and JSM Investments deny any wrongdoing. A SEBI spokesperson declined to comment on the matter.
The broader public impact of this event weighs heavily as market regulators prioritize ethical practices over individual companies, to ensure a level playing field for all investors in India's highly digitized financial markets.
This development underscores SEBI's ongoing commitment to scrutinizing trading activities and upholding market integrity. Let's see what further amendments or regulations SEBI will impose, should any misconduct be found.