US trading firm Jane Street has vowed to challenge SEBI ban and $567M seizure, rejecting market manipulation charges in India Bank Nifty index and defending its strategy as standard index arbitrage amid rising scrutiny of India’s booming derivatives market.

Jane Street to challenge India market ban, rejects manipulation claims

SEBI order remains interim, and Jane Street can contest it before relevant legal bodies. The crackdown raises concerns about retail investor vulnerability in a booming derivatives market.

Jane Street banned in India: Why SEBI cracked down on the Wall Street giant

On Thursday, SEBI published a 105-page note accusing the company of market manipulation and restraining it from dealing in local securities. It said the company violated market "fairness and integrity" and illegally benefited from its trading activities.

What is Jane Street? Here's why SEBI accused it of illegally making '$567 million'

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Jane Street to challenge India market ban, rejects manipulation claims

Jane Street banned in India: Why SEBI cracked down on the Wall Street giant

What is Jane Street? Here's why SEBI accused it of illegally making $567 million