Did Jane Street manipulate Indian market or exploit its shallowness?

Did Jane Street manipulate Indian market or exploit its shallowness?
Did Jane Street manipulate Indian market or exploit its shallowness?

Getty Images

Synopsis

The Sebi interim order against Jane Street exposes the frailties of the Indian derivatives market – flawed product structures and lopsided composition loaded against the small, individual traders. The regulator might have its task cut out in completing the investigation and standing the judicial scrutiny.

Douglas Schadewald and Rahul Yadav are two totally different-looking ends of the same thread. Their backgrounds couldn’t have been more different. Their credentials couldn’t have been more in contrast. One is a Manhattan-based mathematical genius from Harvard who cut his teeth in big-bracket Wall Street firms. The other is a 10th-pass tax driver from Nalasopara, north of Mumbai, armed with just a tad more than tips from Youtubers and chats with

  • FONT SIZE
  • SAVE
  • PRINT
  • COMMENT

New Feature
Refer & Earn

Uh-oh! This is an exclusive story available for selected readers only.

Worry not. You’re just a step away.

What’s Included with

PrimeETPrime Membership

1Exclusive Insights That Matter

2Stay informed anytime, anywhere with ET ePaper

ePaper – Print View

ePaper - Print View

Read the PDF version of ET newspaper. Download & access it offline anytime.

ePaper – Digital View

ePaper - Digital View

Read your daily newspaper in Digital View & get it delivered to your inbox everyday.

Wealth Edition

Wealth Edition

Manage your money efficiently with this weekly money management guide.

3Invest Wisely With Smart Market Tools & Investment Ideas

Investment Ideas

Investment Ideas

Grow your wealth with stock ideas & sectoral trends.

Stock Reports Plus

Stock Reports Plus

Buy low & sell high with access to Stock Score, Upside potential & more.

BigBull Porfolio

BigBull Porfolio

Get to know where the market bulls are investing to identify the right stocks.

Stock Analyzer

Stock Analyzer

Check the score based on the company’s fundamentals, solvency, growth, risk & ownership to decide the right stocks.

Market Mood

Market Mood

Analyze the market sentiments & identify the trend reversal for strategic decisions.

Stock Talk Live at 9 AM Daily

Stock Talk Live at 9 AM Daily

Ask your stock queries & get assured replies by ET appointed, SEBI registered experts.

4Times Of India Subscription (1 Year)

TOI ePaper

Read the PDF version of TOI newspaper. Download & access it offline anytime.

Read the PDF version of TOI newspaper. Download & access it offline anytime.

Deep Explainers

Explore the In-depth explanation of complex topics for everyday life decisions.

Explore the In-depth explanation of complex topics for everyday life decisions.

Health+ Stories

Get fitter with daily health insights committed to your well-being.

Get fitter with daily health insights committed to your well-being.

Personal Finance+ Stories

Manage your wealth better with in-depth insights & updates on finance.

Manage your wealth better with in-depth insights & updates on finance.

New York Times Exclusives

Stay globally informed  with exclusive story from New York Times.

Stay globally informed with exclusive story from New York Times.

5Enjoy Complimentary Subscriptions From Top Brands

TimesPrime Subscription

TimesPrime Subscription

Access 20+ premium subscriptions like Spotify, Amazon Prime & more.

Docubay Subscription

Docubay Subscription

Stream new documentaries from all across the world every day.

6Get Inspired by Grandmasters

Source link

Visited 1 times, 1 visit(s) today

Related Article

Donald Trump addressing a joint session of Congress during his State of the Union speech.

Think President Donald Trump’s Tariffs Are Wall Street’s Biggest Concern? Then You’re Completely Overlooking This Colossal Problem.

While tariffs are a tangible worry for investors, something far more nefarious (and important) can weigh on the stock market. When examined with a wide lens, no asset class has come particularly close to matching or surpassing the annualized return of stocks. But generating life-changing long-term returns in the stock market often means enduring periods

Warren Buffett smiling at an event.

Is Berkshire Hathaway the Smartest Investment You Can Make Today?

If you spend any time around Wall Street, from just reading market news to actually working in finance, you know the names Warren Buffett and Berkshire Hathaway (BRK.A 0.98%) (BRK.B 0.98%), which is the company he runs. Despite the stock’s incredible track record, however, there are reasons it may not be the smartest investment you

Two investors at home look at something on a laptop.

Billionaire Michael Platt Just Made a Move that Would Please Warren Buffett

Billionaire investors have proven their talents over the years by producing big returns for clients and for themselves. They don’t all make the same moves at the same times, though — and sometimes they pivot in completely opposite directions. For example, in the past year, Stanley Druckenmiller of the Duquesne Family Office sold all of

EUR/USD Weekly Forecast 06/07: Higher Price Range (Chart)

EUR/USD Weekly Forecast 06/07: Higher Price Range (Chart)

The EUR/USD has been able to hold onto the upper elements of its long-term price range. Yes, the currency pair went into the weekend well below its high around 1.18315 touched last Tuesday, but the broad Forex market saw volumes start to decrease significantly on Thursday and into Friday before going into the weekend. The

Weekly Forex Forecast - July 06th

Weekly Forex Forecast – July 06th

I wrote on 29th June that the best trades for the week would be: Long of the EUR/USD currency pair. This ended the week higher by 0.46%. Long of the NASDAQ 100 Index. This ended the week higher by 1.03%. Long of NVIDIA. This ended the week higher by 0.59%. Long of Silver in USD

ET logo

Jane Street case: Shankar Sharma raises concerns over exchanges’ oversight

Veteran investor Shankar Sharma has raised sharp questions about the role of Indian stock exchanges in the recent Jane Street controversy, suggesting that profit motives may have prevented timely action against the global trading firm. In a post on X (formerly Twitter), Sharma questioned why the exchanges did not act sooner against Jane Street, even

0
Would love your thoughts, please comment.x
()
x