Jane Street gets SEBI trade logs as regulator presses firm on manipulation allegations: Report

What happened: SEBI told a local court it shared with Jane Street Group LLC the trade logs behind its preliminary order, and urged the firm to respond to market manipulation allegations, per Bloomberg. Key numbers: SEBI cited stock purchases over 43 billion rupees ($444 million) in two hours and options sales over 320 billion rupees. Why it matters: The dispute could shape how global trading firms view regulation of high-frequency traders in one of the world's largest derivatives markets. Jane Street will present its rebuttal on Thursday.

SEBI told a local court it shared with Jane Street Group LLC the trade logs behind its preliminary order, and urged the firm to respond to market manipulation allegations, per Bloomberg.

The dispute could shape how global trading firms view regulation of high-frequency traders in one of the world's largest derivatives markets. Jane Street will present its rebuttal on Thursday.