“Maybe this is what happens when you are used to faster US regulations”: Nitin interest on Sebi’s ban on Janeain Street

Zeroda’s founder, Nitin interest, weighing fiasco on Janeein Street, said this may have happened when companies are accustomed to easy US regulatory regime, unlike strict norms in Indian markets. He said none of the practices in the US markets would be allowed in India.

He said that if the charges are true, then Janeeine Street is indulged in “shameless market manipulation”.

The interest rate comes after the Securities and Exchange Board of India (SEBI) Prohibition of the Janeane Street Group from accessing the securities market. The order included entities related to Janeeine Street, including JSI Investments Private Ltd, Jsi2 Investments Private Ltd, Jane Street Singapore PTE. Ltd and Jane Street Asia Trading Ltd.

“You have to hand it to SEBI for walking down the Janee Street. If the allegations are true, it’s shameless market manipulation. The shocking part?

Interest also pointed to the flip to the whole saga. He said the reproductive trading firms like Janeane Street accounted for nearly 50 % of the volume of options trading, and if they withdraw, retail activity could take a hit. The next few days would be told, interest said.

Kotak Securities Asch Nanda also said that high frequency companies (HFT) will surely feel the hit and many will rethink their strategies. “The fact is that HFT firms provide a lot of liquidity to the markets. If there is a reduction in HFT activity, it will also affect the volume of retail. It also seems that they have brought instability to markets. Much less instability will also affect volume down,” he said.

Why does Sebi ban Janeain Street

SEBI issued a temporary, prohibiting Janeain Street and related entities from buying, selling or dealing with securities directly or indirectly. It is also stated that illegal winnings of 4,843 kronor earned by the entities of the Janeain Street group from alleged violations will be seized. The entities are aimed at opening an account for saving in the scheduled trading bank in India to deposit these illegal benefits with a loan in favor of Sebi. The amount of the saving account cannot be released without SEBI’s permission.

Among the four entities, Janeein Street Singapore PTE DOO and Janeein Street Asia Trade DOO are a foreign portfolio investors (FPIS) included in Singapore and Hong Kong, respectively. JSI Investments Private Limited and JSI2 Investments Private Limited are included in India and are located in Mumbai. The JSI Investments Private Limited is full owned by Janein Street Europe Limited, a UK -based company, while JSI2 Investments Private Limited is fully owned by JSI Investments Private Limited.

Sebi noted that it is -the letters and letters of Janeane Street indicate that all entities in the Janeein Street group dealing with Indian markets act collectively and oversee the elderly abroad. Sebi has discovered a primary focus that the banking bank index, which covers 12 major banking shares, was manipulated in a complex and illegal way supported by the trade, financial and technological capabilities of the group.

Sebi said the case is unusual because it involves manipulating more liquid reserves with a great deal of retail to facilitate the manipulation of the index options. This resulted in mass profits for manipulators at the cost of other participants and retailers. SEBI clarified that PPI is allowed to deploy funds within certain limits and redirects without repatriation restrictions, but the basic activity of the Janee Street Group does not include medium -term or long -term investment.

The subjects are asked to close or reduce all positions within three months or the expiration of the contract, no matter what before. Account loans may be allowed. Subjects must not dispose of or alienate any means or properties in India until the illegal benefits are credited to the saving account except with the permission of SEBI.

What did Janeain Street say

In E -Reuters’ reaction, Janeane Street challenged the findings of Sebi’s temporary order. It says it will be included with the regulator. “Janeeine Street is committed to working in accordance with all regulations in the regions we work around the world,” the company said.