In a major enforcement action, the Securities and Exchange Board of India (SEBI) has banned global trading firm Jane Street from participating in Indian securities markets. The decision follows an investigation into alleged violations of market regulations, including insider trading and algorithmic manipulation.
According to SEBI’s official order issued late Friday, Jane Street was found to have used complex trading strategies that gave it unfair access to market information, resulting in a distortion of fair market practices.
SEBI stated, “Such actions undermine market integrity and investor confidence. A strong deterrent is necessary.”
The ban is effective immediately and applies to all trading segments, including equities, derivatives, and commodities. Jane Street has been directed to cease all trading operations in India and submit a compliance report within 21 days.
A spokesperson for Jane Street said the firm is “disappointed” with the decision and is evaluating legal options, including appealing the ban.
This move marks one of SEBI’s most high-profile crackdowns on foreign trading firms, sending a strong signal about its zero-tolerance stance on market abuse.
