<ul data-eligibleForWebStory="false"><li>Jane Street contests SEBI's manipulation accusation, explaining trades as a lawful arbitrage strategy.</li><li>SEBI accused Jane Street of distorting index values, while the firm argues it misunderstood arbitrage.</li><li>Jane Street defends trading activity, stating it aims to close pricing gaps for financial market health.</li><li>SEBI's order restricts Jane Street's market presence, causing a public clash with the regulator.</li></ul>

Jane Street Vs SEBI: 'Arbitrage' Defence Contests Regulator's 'Manipulation' Allegation

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