Jane Street India Unit Reports Sharp Profit Rise Before Regulatory Curbs

Jane Street Group's India unit reported a nearly six-fold increase in trading gains to Rs 47 billion and a 494% rise in after-tax profit to Rs 28.4 billion for the financial year ending March. These results emerged before the Securities and Exchange Board of India (SEBI) halted its operations over allegations of market manipulation. Other trading firms like Hudson River Trading and Optiver also saw strong profit growth despite regulatory scrutiny, with many shifting away from high-frequency options strategies following probes.