SEBI Chairman Tuhin Kanta Pandey conducted a high-level review meeting post the Jane Street fiasco, urging departments to enhance monitoring and speed up investigations.
SEBI has tightened surveillance on specific market segments showing irregular trading activities, focusing on coordinated manipulation indicators like unusual volume spikes and price distortions.
The Jane Street case raised concerns about exploiting systemic loopholes for unfair gains; the firm has deposited Rs 4,843.5 crore to comply with SEBI's directions, allowing them to resume trading.
The meeting stressed the need for inter-departmental collaboration and real-time monitoring to swiftly identify and respond to suspicious market activities.