Jane Street Scam: Jane Street's game of thousands of crores in the stock market started from January 2024, know what was done and how?:

News Topical, Digital Desk : Jane Street Scam: Whistleblower Mayank Bansal, who suspected irregularities in options trading since January 2024, has exposed the alleged manipulation done by US firm Jane Street in the Indian stock market. Bansal gave information to SEBI from time to time and also highlighted the seriousness of the violation of rules.

When did the matter start?
The dispute started in July 2023, when Mayank Bansal detected attempts by Jane Street to keep the Nifty index in a tight range at the time of expiry.

He noticed collusion in options trading, which had a major impact on the Nifty. This pattern was first seen in the volatile expiry of the Midcap Select Index.

Pattern of manipulation and increasing collusion The pattern of this collusion increased rapidly from April 2024 and the manipulation also continued. On January 17, 2024, a major impact of this manipulation was seen on Bank Nifty, which increased volatility in the market. Other market participants also started suspecting this manipulation.

Information given to SEBI Mayank Bansal informed SEBI about this matter through mail in 2024, to which SEBI immediately responded and started investigating the matter. Bansal said that Jane Street, ignoring the rules, illegally influenced the market through options trading.

Violation of rules This entire activity is considered illegal under the SEBI Act. Jane Street and its subsidiaries have violated the rules of the Indian market, affecting the fairness and transparency of the market.

Who is Mayank Bansal? Mayank Bansal is the chairman of a Dubai-based hedge fund, who is active in maintaining transparency in the Indian stock market. He maintained contact with SEBI officials since December 2024 and played an important role in exposing this scam.