Sebi’s 100-page interim order authored by whole-time member Ananth Narayan G. offers a look into the inner workings of the US-based trading firm’s strategy, and how Jane Street allegedly distorted the Bank Nifty and Nifty 50 to profit from options trades.

The Securities and Exchange Board of India has initiated what could turn into a lengthy investigation into the trades of Jane Street.This interim order is not a show-cause notice and it clearly indicates that investigations into Jane Street will continue,

India’s markets regulator, SEBI, has clarified that its ₹4,843 crore interim order against Jane Street Group is not a show cause notice. Investigations into alleged index options manipulation on the BANKNIFTY and NIFTY expiry days will continue.