India’s options market has seen a sharp slowdown in trading activity, particularly on weekly expiry days, following regulatory action by the Securities and Exchange Board of India (SEBI) against US-based proprietary trading firm Jane Street. On the National Stock Exchange (NSE), index options premium turnover has dropped significantly over the last three weeks. From Rs…
India’s booming derivatives market, now the largest in the world by volume, is facing a major reckoning. The Securities and Exchange Board of India (SEBI) has initiated action against US-based trading giant Jane Street, exposing what appears to be Rs 25,000 crore worth of market manipulation, largely in Bank Nifty index options. What started as…
After the recent Jane Street fiasco seen to start during the tenure of Madhabi Puri Buch’s tenure as SEBI’s Chairperson had come to light and rattled Dalal Street, Zee Business Managing Editor Anil Singhvi noted that the market watchdog has conducted the biggest scrutiny against the US-based entity. So, as Jane Street continued to make big…