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Context is everything.
Detailed stories on technology startups, business and economic current affairs.
Detailed stories on technology startups, business and economic current affairs.
Jane Street’s alleged manipulation should not overshadow the fact that there is a lot more to the affair. Besides the US trading firm, NSE also needs to answer questions.
Headline-grabbing as it is, the Securities and Exchange Board of India’s 3 July order on Jane Street may just be the tip of the proverbial iceberg. Three things stand out in particular.
One is the extent of the alleged scam. “The magnitude of this scam is likely bigger than what we think it is right now,” says a senior SEBI official, wishing not to be identified since they are not authorized to speak to the media.
This is in keeping with SEBI’s recent interim order. The order—which barred four Jane Street Group entities from accessing the securities market—laid out …
Thinly traded listed entities have long served as breeding grounds for stock manipulation, hurting investors. The regulator, the NSE and BSE now want to fix things by focusing on efficient delisting.
A month on, CAS has only amplified volatility, manipulation and confusion rather than containing them.
As India’s largest stock exchange heads to the public markets, it may need to rethink its excessive reliance on transaction revenue.
