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US-based proprietary trading firm Jane Street recently sued rival Millennium Management and two ex-employees for allegedly stealing a lucrative business strategy. Options trading in India lies at the heart of the issue.

US-based proprietary trading firm Jane Street recently sued rival Millennium Management and two ex-employees for allegedly stealing a lucrative business strategy. Options trading in India lies at the heart of the issue.

The regulator’s shift to an auction-based close was meant to curb manipulation and mirror global markets. Instead, it has run into thin participation that is only amplifying distortions and volatility.
As India’s largest stock exchange heads to the public markets, it may need to rethink its excessive reliance on transaction revenue.
The central bank’s shift to a 100% collateral requirement threatens to erode leverage, reduce volumes and force a consolidation across prop desks.
The regulator’s shift to an auction-based close was meant to curb manipulation and mirror global markets. Instead, it has run into thin participation that is only amplifying distortions and volatility.
As India’s largest stock exchange heads to the public markets, it may need to rethink its excessive reliance on transaction revenue.
The central bank’s shift to a 100% collateral requirement threatens to erode leverage, reduce volumes and force a consolidation across prop desks.