⚡️🚨 NEWS - SCANDAL of Market Manipulation.
Jane Street has just been banned from India for orchestrating a "sinister plan" to reap $570 million from the options market.
The strategy was relentless:
➡️ buy Indian banking stocks massively to boost the index
➡️ simultaneously take huge opposite positions in options
➡️ sell sharply to crash the market and pocket the jackpot.
Indian regulator SEBI documented how Jane Street generated $86 million in a single day using this tactic, with positions 7 times larger on options than on the underlying shares.
Ironically, it was a lawsuit filed by Jane Street against its own resigning employees that tipped off the regulator.
The firm, which has generated $4.3 billion in India since 2023, is vigorously defending itself.
This little-known algorithmic trading giant generates more revenue than Bank of America ($20 billion in 2024).
