“Maybe this is what happens when you are accustomed to the leniency of American regulations,” Natheen Kamthath in Jin Street Cepest Ban

Perhaps this is what happens when companies are accustomed to the indulgent American regulatory system, unlike the strict rules of Indian markets. He said he would not be allowed to be practiced in the American market in India.

He said if the allegations are correct, Jin Street is indulged in “tampering with the blatant market.”

Kamath’s evaluation comes after the Securities and Stock Exchange Council (SEBI) prevented the Jin Street Group from reaching the stock market. This included entities related to Jin Street including, JSI Investments Private Ltd, JSI2 Investments Private Ltd, Jane Street Singapore PTE. Ltd and Jane Street Asia Trading Ltd.

“You have to hand it over to Sibi to pursue Jin Street and said,” Practices will be allowed in India, thanks to our organizers. ”

Kamath also referred to the other side of the entire epic. He said that pillar trading companies such as Jin Street represent approximately 50 percent of options trading volumes, and if they withdraw, retail sale may also get a blow. Kamath said that the next few days will be.

Ashish Nanda of Kotak Securities also said that HFT will definitely feel a blow, and many will re -evaluate their strategies. “The fact is that HFT provides a lot of liquidity in the markets. If there is a decrease in activity by HFT, they will also affect retail sizes. It also appears to have brought fluctuations to the markets. Less volatility will affect their sizes down,” he said.

Why prevented Sibi Jin Street

Sebi has released a temporary company, prohibiting Jin Street and relevant entities from buying, selling or dealing in securities, directly or indirectly. It also states that the illegal gains that amounted to 4,843 rupees, which were acquired by the entities of the Jin Street Group of alleged violations, will reserve them. The entities were directed to open the guarantee account in a commercial bank scheduled in India to deposit these illegal gains with distinction in favor of Sebi. The amount in the warranty account cannot be issued without the SEBI permission.

Among the four entities, foreign portfolio investors (FPIS) were registered in Singapore and Hong Kong, respectively. Jsi Investments Private Limited and JSI2 Investments Private Limited in India is located in Mumbai. JSI Investments Private Limited is fully owned by Jane Street Europe Limited, a UK -based company, while JSI2 Investments Private Limited is fully owned by Jsi Investments Private Limited.

Sibi pointed out that emails and messages from Jin Street indicate that all the entities of the Jin Street Group dealing in the Indian market are behaving collectively and supervised by senior employees abroad. Sebi Prima Facie found that the Bank Nifty index, which includes 12 major bank shares, was tampered with in a complex and illegal way with the help of the group’s financial, financial and technological capabilities.

Sebi said this condition is unusual because it includes treating multiple liquid shares with a high retail sharing to facilitate the manipulation of the index options market. This has led to huge profits to manipulate at the expense of other participants and retail merchants. Sebi explained that FPIS is allowed to spread money within specific limits and strip the holdings without restrictions to the homeland, but the basic activity of the Jane Street Group does not involve medium or long -term investments.

The entities were asked to close or arrange any positions within three months or at the expiration of the contract, either before. Accreditation may be allowed in calculations. The entities should not get rid of or alienate any assets or real estate in India in order to be credited with the illegal gains to calculate the guarantee, except for the SEBI permission.

What did Jin Street say?

In an e -mail response on Reuters, Jin Street opposed the results of the temporary system of Sebi. He said he would participate with the organizer. The company said: “Jin Street is obliged to work according to all regulations in the regions we run all over the world,” the company said.