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Anyone with knowledge of Indian regulatory culture would not take this as dispositive.
by benced 3mo ago
Anyone with knowledge of Indian regulatory culture would not take this as dispositive.
- tock 3mo ago[flagged]
- ymolodtsov 3mo agoNot all countries and their regulatory bodies are equal.
- donbox 3mo agoYupp, and the American ones, looking the other way, when the President is shilling meme coins
- tock 3mo agoHave you actually looked into the allegations and the response from Jane Street? By your logic companies can commit any fraud in India because if they get caught you can just say: hey cant trust the country.
- ymolodtsov 3mo agoI think you tried to narrow down my general statement. What I'm saying is: not all countries and their regulatory bodies are equal. India is a pretty top-down country with quite a protectionist policy.
- tock 3mo agoAnd I'm saying wallstreet has a reputation of breaking the rules. Like a lot. Are you suggesting regulatory bodies in the US are somehow better? The whitehouse literally has a shitcoin.
- l23k4 3mo ago> And I'm saying wallstreet has a reputation of breaking the rules. Among whom does wall street hold this reputation? Breaking which rules? How can that be, in an incredibly regulated industry where the government will try to put you in prison for just breathing? As they're doing to Andrew Left right now. As far as I can tell, this is only a commonly held opinion among people whose primary source of knowledge on wall street is a DiCaprio movie. Rules are broken everywhere in the world, but nowhere do you have as many controls to prevent that as on wall street. There's a reason why just about everyone with significant amounts of money trusts US financial infrastructure, fraud and rulebreaking is uncommon.
- l23k4 3mo agoI have! JS was engaged in standard arbitrage and did nothing wrong. SEBI is coming after them because JS being able to do what it was doing is deeply embarrassing.
- tock 3mo agoStandard arbitrage? JS bought stocks worth 572 crores and sold options worth an effective short value of 8,751 crores. 15x more. You dont short 15x your long position to do arbitrage. They were moving the market to suit their positions.
- l23k4 3mo agoNo, all you can read into that is where they believe the fair value to be. If it landed in the middle, you'd obviously have to pick up a much larger delta in options given the liquidity issues on Indian markets. >They were moving the market to suit their positions. They were correcting a mispricing, not creating one.
- tock 3mo agoLets see how that reasoning works out in court then. SEBI sent them a caution notice earlier asking them to stop and they didn't. Calling it a "simple arbitrage" is silly.
- l23k4 3mo agoGiven that India lacks a functioning judiciary, we might be waiting a while. Plenty of cases over 30 years old waiting for supreme court rulings.
- cawksuwcka 3mo ago[dead]
- SanjayMehta 3mo agohttps://dataintellect.com/blog/sebi-vs-jane-street-index-manipulation-scandal-and-a-regtech-wake-up-call/ https://dataintellect.com/blog/sebi-vs-jane-street-index-man...
- l23k4 3mo agoAnd here's some rather more clueful analysis instead of what looks like AI-generated marketing blogspam: https://www.bloomberg.com/opinion/newsletters/2025-07-07/jane-street-s-indian-options-trade-was-too-good https://www.bloomberg.com/opinion/newsletters/2025-07-07/jan... (https://archive.fo/0PQ2E https://archive.fo/0PQ2E)
- faku578 3mo agoThat bloomberg which spread fake news about india selling gold which it had to retreat. I will sbi over foreign news peddlers.
- joxdosba 3mo ago[flagged]
- tock 3mo ago> still shit on the streets > nation of slaves with desperate delusions of grandeur > build some toilets or whatever HN, 2026.
- joxdosba 3mo ago[flagged]
- piva00 3mo agoNo amount of nationalistic proselytism makes it okay or just "a bit mean" to say: > A nation of slaves with desperate delusions of grandeur. > build some toilets or whatever. It's not just perhaps a bit mean, it's thought-terminating immature racist bullshit when you could have many other better arguments against nationalism in general. You may be annoyed by the pointless nationalism, it doesn't give you the right to be a racist asshole against it.
- lloydatkinson 3mo agoSuch as them not paying the required bribes
- donbox 3mo ago[flagged]