Jane Street seeks trading data from Sebi in market manipulation case

What happened: Jane Street asked the Securities Appellate Tribunal to direct Sebi to share the trading records behind its market manipulation allegations, arguing the claims cannot be tested without counterparty, timing, quantum and price data. Key numbers: Sebi's July 2025 ex parte interim order barred Jane Street from Indian securities markets and Why it matters: Two earlier 2024 reviews by NSE and Sebi's ISD found no evidence the firm's trades influenced index prices to benefit its options positions, and Jane Street is seeking Sebi's correspondence with NSE on the exchange's study.

Jane Street asked the Securities Appellate Tribunal to direct Sebi to share the trading records behind its market manipulation allegations, arguing the claims cannot be tested without counterparty, timing, quantum and price data.

Two earlier 2024 reviews by NSE and Sebi's ISD found no evidence the firm's trades influenced index prices to benefit its options positions, and Jane Street is seeking Sebi's correspondence with NSE on the exchange's study.