US-based trading platform Jane Street and its related entities made a profit of over ₹36,000 crore trading index derivatives in the last two years, according to an interim order passed by market regulator Securities and Exchange Board of India (SEBI).The SEBI interim order has barred Jane Street and related entities from accessing the securities market in its interim order posted on Thursday, July 3.
According to the order, four of these entities made a combined profit of over ₹36,500 crore. The profits were analysed starting January 1, 2023, until March 31, 2025.
According to the order, four of these entities made a combined profit of over ₹36,500 crore. The profits were analysed starting January 1, 2023, until March 31, 2025.
| Entity | Total Profit (₹ Crore) |
| Jane Street Asia Trading | 6,929.56 |
| JSI2 Investments Pvt. Ltd. | -168.67 |
| You are investments pvt. Ltd. | 4,104.61 |
| Jane Street Singapore Pte. Ltd. | 25,636.62 |
| Total | 36,502.12 |
In its response, Jane Street has highlighted that it disputes the findings of the SEBI interim order and will further engage with the regulator.The SEBI interim order states that the unlawful gains made by Jane Street, worth ₹4,843 crore, will be impounded and will have to be deposited into an escrow account opened with a scheduled commercial bank.
A study released by SEBI last year showed that foreign hedge funds made money trading in index derivatives, while nine out of 10 retail F&O participants continued to incur heavy losses with individual traders losing ₹1.8 lakh crore over the last two years.
