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Indian regulator bans Jane Street from dealing securities

Sebi accuses trading firm of ‘sinister scheme’ to manipulate derivatives markets
Jane Street, one of the largest foreign traders in India’s securities market, has made billions of dollars in recent years from trading options in the country

India’s stock market regulator has temporarily banned Jane Street from dealing securities in the country, accusing the New York-based trading firm of a “sinister scheme” to manipulate derivatives markets.

The Securities and Exchange Board of India said its decision to limit Jane Street’s access to India’s securities markets stemmed from a months-long investigation.

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