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Jane Street barred from Indian markets as regulator freezes $566M

(www.cnbc.com)
518 points bwfan123 | 3 comments | 06 Jul 25 14:03 UTC | HN request time: 0.472s | source
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walterbell ◴[06 Jul 25 20:17 UTC] No.44483691[source]▶
https://web.archive.org/web/20250519053752/https://www.bnnbl...

> Jane Street sued Millennium, Schadewald and Spottiswood in April [2024], claiming the two traders had taken an “immensely valuable” trading strategy with them. It later emerged at a court hearing that the strategy involved India options and had generated $1 billion in 2023 profits for Jane Street.

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1. brcmthrowaway ◴[06 Jul 25 20:41 UTC] No.44483859[source]▶
This is interesting. Anyone know what they offered these traders? Can't be more than Zucks 100mn offer!
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2. jxf ◴[07 Jul 25 00:02 UTC] No.44485323[source]▶
Where did Meta offer them $100M?
3. esseph ◴[07 Jul 25 01:18 UTC] No.44485770[source]▶
He didn't actually offer anyone 100m, that was a bullshit number Altman made up.