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