Shares of National Stock Exchange of India Ltd. have dropped almost 10% due to concerns related to Jane Street issue impacting derivative volumes.
The drop in NSE's unlisted shares comes after a surge in late October fueled by hopes for an IPO. NSE was valued at about $69 billion at its recent high.
Traders are worried about the impact of the Jane Street episode on trading rules, potentially delaying NSE's listing plans on hold for nearly a decade.
The NSE's profit and revenue figures, along with the temporary ban on Jane Street by SEBI, have added to the complexities surrounding NSE's listing plans.