Securities and Exchange Board of India (SEBI), one of the world’s largest amount of trading firms, has stopped Gen Street from reaching its securities market, found this “illegal benefit” after an investigation, taking the most strict action against a foreign trading firm.
Markets Regulator also imposed 4,841 crores from the US-based Gen Street, stating that it disputes the findings. Here are the facts about Jane Street and its appearance of India:
What is Jane Street?
Jane Street has more than 3,000 employees in five offices in the United States, Europe and Asia. It trades in shares of 45 countries and is rapidly increasing its appearance in Hong Kong by purchasing more office spaces.
Gen Street was established in 2000 and last year its annual revenue was $ 20.5 billion.
It describes itself as a firm on its website that uses a deeper understanding of market mechanics to “sophisticated quantitative analysis and prices consistent and reliable.
“We are a firm of puzzle solver on and out on the clock,” it says.
How does Jane Street work in India?
Jane Street operates in India through four group institutions, two of which are located in the country, the other two in Hong Kong and Singapore.
The firm launched its first India unit in December 2020. The other two Asian institutions work as foreign investors registered with India.
India level of operation
Between January 2023 and March 2025, four institutions cumily made a profit of $ 5 billion by trade in equity options in India, the country’s market regulator SEBI said in its order.
Jane Street’s presence of Large India first gained prominence last year when the firm sued a rival Hedge Fund, Millennium Management, accused of stealing a valuable in-house trading strategy.
In a court hearing in the US, it was discovered that the strategy included India’s options and earned a profit of $ 1 billion for Jane Street in 2023. Both firms settled the case in December.
Charges against Jane Street
SEBI says that Jane Street first bought banking shares and futures in an aggressively important amount of banking as a group, temporarily carrying forward bank Nifty, banking index. It simultaneously created large small positions in index options.
Later, it sold aggressively for benefit from its option positions in large quantities of similar banking stocks and futures.
Impressed retail investors to invest to buy this large scale, causing manipulation of the market.
SEBI also said that by incorporating institutions in India, Jane Street managed to work around “working”, which prevent foreign portfolio investors from starting intraday posts in the cash market.
What is market-wide impact?
Some stockbrokers and market middlemen shares fell on Friday as analysts stated that derivative trading volumes would be a hit.
Comprehensive equity markets traded the flat.
Published – July 04, 2025 03:33 PM IST
