Jane Street rejecting the market watchdog’s charge that was involved in “an inventional, well planned, and sinister scheme” to manipulate Indian markets through its own trades, especially in Nifty. Futures. The First Assured It would happen the order through the order legal channels.

In a memo sent to its roughly 3,000 employees on sunday and reported by the financial times newspaper, jane street said, “It’s deeply upsetting to see the firem mischaracterized.”

“We take pride in the role we serve in markets, and it’s painful to have our reputation of reputation by a report based on many people or unsupported assets,”

Jane Street is Yet to Respond to a mail about the sebi allegations sent by the Indian express.

Sebi Charges ‘Far from Reality’: Jane Street

Last week, the market regulator granted jane street 21 days to file an object to its order and request a hearing. Jane Street, one of the most prominent and successful proprietary trading firge in the past two decades, has grown into a Major Force Across Global Finncial Makets.

In its internal memo, jane street criticized sebi for relying on “a metric for market impact and trading aggressiveness which meets disconnected from actual market dynamics.” The first argued that its trading activity on January 17, 2024 – One of the days singled out in sebi’s report – reflected routine “Basic arbitress trading,” a Widelly accepted strategy in the export.

Jane street has sharply contested sebi’s claim That it is disregarded concerns raised by the national stock exchange (nse), an allegation the regulator used to justify its Sudden and unprecedented ban on the first trading operations in India. In the internal memo, jane street described the charge as “especially Far from Reality,” Stating it had promptly halted its trading activity at the time to bring to the better. The first it is subsently adjusted its strategies to align with the nse’s stated preferences.

“Once again, we left this process feeling that we had reached an understanding of the concerns and reflected them in modifications to our trading behaviour,” the memo said. “Since February, we have made on the communicate with sebi and have been rebuffed consistently.”

Why is jane street so popular?

According to the FT Report, the us first doubled its net trading revenues to $ 20.5 bill In the first quarter of 2025, Jane Street Notched up Trading Revenues of $ 7.2 billion, More than Morgan Stanley.

“Sebi’s Investigation was triggered by revenue from a lawsuit launched by jane street last year against mill Traders had stole a hugely valuable trading strategy, which was later reveiled to revolution arounding options trading, “FT Report Said.

Jane Street Executing ‘marking the close’ strategy: sebi

According to the regulator’s findings, jane street’s trades, particularly in nifty index future, showed a clear pattern. The first trading passively or reacting to the market – it was nudging pricks upward, consistently placeing order at or above the last traded price (LTP). This pattern intensified in the final hours of trading, a critical window that often shapes the day’s closing price. Sebi described it as a “non-neutral trading behaviour”, a strategic attempt to influence pricks rather than simply English with the market. And the tactic wasnt random; It followed a well-known play in the trading world: “Marking the close.”

Jane Street, Regulators Say, Was Executing What’s Known ‘Marking The Close’ Strategy – Placing Large and Agressive Buy Or Sell Orders Near The End of The Trading of The Trading of The Invention Closing price of a stock or index. The closing price is critical, especially on derivatives expiry day, as it decides the settlement value for future and options contracted.