Trading

Jane Street banned from Indian markets after alleged manipulation

Trading giant allegedly made $570m in ‘unlawful gains’

The trading giant has been accused of massive market manipulation by the Securities and Exchange Board of India Indranil Aditya/NurPhoto via Getty Images
The trading giant has been accused of massive market manipulation by the Securities and Exchange Board of India Indranil Aditya/NurPhoto via Getty Images

US financial giant Jane Street has been temporarily banned from India’s securities market after alleged trading manipulation.

The firm has been hit with a ban by India’s markets regulator the Securities and Exchange Board of India and has been ordered to pay more than 48 billion rupees ($570m) that it allegedly made in “unlawful gains”.

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