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Image Credit: Bloomberg Quint

In This Economy: India’s Markets Are Open — But Not For Abuse

  • India's securities regulator, SEBI, has barred Jane Street from the Indian securities market and ordered a Rs 4,843 crore deposit due to alleged manipulative trades in the derivatives market.
  • SEBI's crackdown on Jane Street sends a clear message that India is open for business but not for those looking to bend the rules.
  • The action taken by SEBI is significant as India's derivatives market, driven by retail investors, is the largest in the world, and the regulator is focused on defending the credibility of the system amidst increasing speculation.
  • The move by SEBI underscores India's commitment to maintaining an open and orderly market environment as it navigates trade deals and foreign capital inflows, setting expectations for fair play.

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