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518 points bwfan123 | 2 comments | | HN request time: 0.44s | source
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monkeyelite ◴[] No.44483617[source]
The alternative claim - that large traders do not make decisions based on how their activity will move the market, is of course absurd.

It’s just political. Who is allowed to manipulate and who pays their dues to be able to.

replies(3): >>44483651 #>>44485195 #>>44486652 #
alephnerd ◴[] No.44483651[source]
Not really.

In this case it was Millenium ratting out on Jane Street (edit - other way around), but now the entire HFT (Edit: hedge funds. Thanks for the callout avvt4avaw) industry is under extreme scrutiny by SEBI as a result [0]

[0] - https://www.sebi.gov.in/enforcement/orders/jul-2025/interim-...

replies(3): >>44483673 #>>44483710 #>>44483734 #
1. anonu ◴[] No.44483710[source]
Didn't Jane Street sue Millenium first? I think the lesson of all this is - don't sue over your trading strategy secrets.
replies(1): >>44483726 #
2. alephnerd ◴[] No.44483726[source]
I think you might be right. It was such a juvenile and petty squabble.

And on top of that - don't make such squabbles public during a GENERAL ELECTION, thus forcing politicans to cleanup shop.

Same thing happened to Adani Group, as their scandal hit during the run up of the 2024 GE.

Now both Adani Group and the HFT industry are under severe scrutiny due to the upcoming Bihar Elections, which is used a sandbox to test messaging by the opposition and incumbents in preparation of the next General Election and other state elections.