Factbox-Who is Jane Street, the US trading firm facing heat in India? By Jayshree P Upadhyay MUMBAI (Reuters) -India has barred one of the world’s largest quant trading firms, Jane Street, from accessing its securities market after an investigation found it made "unlawful gains", taking the most stringent action ever against a foreign trading firm. The markets regulator also impounded $567 million from U.S.-based Jane Street, which said it disputed the findings. Here are facts about Jane Street and its India presence: WHAT IS JANE STREET? Jane Street has more than 3,000 staff in five offices across the United States, Europe, and Asia. It trades in stocks of 45 countries and is also rapidly increasing its presence in Hong Kong by purchasing more office space. Jane Street was established in 2000 and its annual revenues last year were $20.5 billion. It describes itself on its website as a firm that uses "sophisticated quantitative analysis and a deep understanding of market mechanics" to keep prices consistent and reliable." "We’re a firm of puzzle solvers on and off the clock," it says. HOW DOES JANE STREET OPERATE IN INDIA Jane Street operates in India through four group entities, two of which are based in India, with the other two in Hong Kong and Singapore. The firm started its first India unit in December 2020. The other two Asian entities operate as foreign investors registered with India. THE SCALE OF ITS INDIA OPERATIONS Between January 2023 and March 2025, the four entities cumulatively made a profit of $5 billion by trading in equity options in India, the country’s market regulator SEBI said in its order. Jane Street’s large India presence first gained prominence last year when the firm sued a rival hedge fund, Millennium Management, accusing it of stealing a valuable in-house trading strategy. At a court hearing in the U.S., it was revealed that the strategy involved India options and had generated $1 billion in profits for Jane Street in 2023. The two firms settled the case in December. JANE STREET’S INDIA CHALLENGE India’s market regulator says Jane Street as a group first aggressively bought significant quantities of banking stocks and futures, temporarily pushing up the banking index. Later, it aggressively sold large quantities of the same banking stocks and futures. This large scale buying influenced retail investors to invest, leading to market manipulation, SEBI said.

Click Subscribe #JaneStreet #TradingFirm #StockMarket #Investing #FinanceNews

US trading firm Jane Street seeks to rapidly expand Hong Kong office space, sources say By Summer Zhen HONG KONG (Reuters) - Jane Street, one of the world’s largest quant trading firms and market makers, is planning a sharp increase in Hong Kong office space, two people familiar with the matter said. The New York-based firm is negotiating with landlord Hongkong Land to lease two more floors at Chater House, an office tower in the business district of Central, they said, speaking on condition of anonymity. If the deal materialises, Jane Street will occupy six floors of the 30-storey building, totalling over 110,000 sq ft of office space, compared to just 2.5 floors a year ago. Jane Street and Hongkong Land declined to comment. Despite rising Sino-U.S. tensions, China has regained popularity as an investment destination and Hong Kong’s Hang Seng Index surged 15% in the first quarter. Average daily turnover shot to $28 billion for the first two months of 2025, a 70% jump from the same time last year, data shows. Citadel Securities and Tower Research Capital have also been recruiting and expanding their offices in Hong Kong. Jane Street employs 400 people in the city, one of the people said, adding its Hong Kong-based team covers not only mainland China and Hong Kong but also Japan, Singapore and Australia. It is hiring for more than 40 roles in Hong Kong, the firm’s website shows. Known for high-frequency trading and its dominance of the exchange traded funds market, Jane Street has seen explosive growth in recent years. It is a registered market maker on the Hong Kong bourse and was approved to trade yuan-denominated shares in Hong Kong in 2023. The firm earned around $6.1 billion in the first half of 2024, nearly double that of the same period a year earlier, Bloomberg reported. Point72 is moving out because it wants more office space, local media have said. The U.S. hedge fund did not immediately reply to a request for comment.

Click Subscribe #JaneStreet #HongKong #TradingFirm #MarketMaking #OfficeSpace