Latest news with #KhushbooTiwari
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Business Standard
6 days ago
- Business
- Business Standard
Sebi vs Jane Street: Legal showdown could redefine India's derivatives mkt
Already, the overhaul of the derivatives trading rules - prompted, in part, by the aggressive nature of hft firms like jane street - is beginning to impact market dynamics Khushboo Tiwari Samie Modak Mumbai Listen to This Article A legal battle is looming — one that could reshape India's derivatives market, the world's largest by trading volume, and set a precedent for how regulators worldwide draw the line between clever trading and market abuse. The genesis of this battle lies in the sweeping crackdown the Securities and Exchange Board of India (Sebi) has launched against Jane Street, a US-based high-frequency trading (HFT) firm. Sebi has impounded ₹4,843 crore in alleged 'unlawful gains', accusing Jane Street of orchestrating a sophisticated 'sinister' scheme to manipulate the popular Bank Nifty index through aggressive derivative trading strategies. Jane Street, a global titan
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Business Standard
09-07-2025
- Business
- Business Standard
BSE SME: Helping tap equity capital as investor interest drives growth
More than 586 companies have listed on the platform and nearly a third have migrated to the mainboard of the stock exchange as investor interest drives growth Khushboo Tiwari Listen to This Article The BSE SME platform has emerged as a major gateway for small and medium enterprises (SMEs) to access institutional and public capital. The market capitalisation of companies listed on BSE SME has topped ₹1.8 trillion, with total equity capital raised nearly ₹10,000 crore. BSE SME and NSE Emerge put together have seen over 1,200 companies raise nearly ₹27,000 crore through initial public offerings (IPOs), according to data compiled by Prime Database. Since their inception over a decade ago, the two niche exchange platforms have helped entrepreneurs transition from the unorganised sector into the regulated fold.
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Business Standard
06-07-2025
- Business
- Business Standard
Jane Street fallout: High-frequency trading, quant firms under lens
Sebi aims to stay proactive as firms expand in India Khushboo Tiwari Samie Modak Mumbai Listen to This Article The Jane Street controversy has prompted the Securities and Exchange Board of India (Sebi) and stock exchanges to intensify scrutiny of the trading strategies employed by global high-frequency trading (HFT) and quantitative (quant) firms. The case involving US trading firm Jane Street, where suspicious trading was flagged in August 2024, has exposed vulnerabilities in the existing oversight mechanisms. After several months of investigation, Sebi was able to issue a ₹4,840 crore impounding order against the New York-based firm last week, highlighting the complexity of monitoring sophisticated trading strategies. Sources indicate that no immediate violations of the scale of Jane Street
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Business Standard
04-07-2025
- Business
- Business Standard
Jane Street crackdown: MIIs, brokerage shares fall on volume concerns
Among MIIs, shares of BSE fell around 6.5 per cent to Rs 2,639 per share, while CDSL declined by nearly 2.5 per cent on Friday, closing at Rs 1,763 apiece Khushboo Tiwari Mumbai Listen to This Article Shares of brokerages and market infrastructure institutions (MIIs) witnessed selling pressure on Friday after Sebi's crackdown on proprietary trading firm Jane Street. The weakness was attributed to concerns that debarment of the US firm — a prominent player in the futures and options (F&O) segment — will lead to a further decline in volumes, which are already down over 30 per cent from the peak. Among MIIs, shares of BSE fell around 6.5 per cent to Rs 2,639 per share, while CDSL declined by nearly 2.5 per cent on Friday, closing at Rs 1,763 apiece. Meanwhile, shares of Nuvama Wealth,
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Business Standard
03-07-2025
- Business
- Business Standard
Cash turnover rises to 9-month high as equity market volumes climb
Equity cash segment turnover rose for the fourth straight month in June, lifting the benchmark Sensex and Nifty to their highest levels in nine months Khushboo Tiwari Mumbai Listen to This Article Equity cash segment turnover rose for a fourth consecutive month in June, while trading volumes for the derivatives segment slipped for a second month. The rise in cash market volumes was underpinned by a fourth consecutive monthly gain, which lifted the benchmark Sensex and Nifty to their highest levels in nine months. On the other hand, regulatory tightening continued to weigh on futures and options (F&O) trading. The average daily turnover (ADTV) in F&O declined marginally to Rs 345.85 trillion—a four-month low. The combined cash market ADTV for NSE and BSE climbed to Rs 1.21 trillion in June, the highest
