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518 points bwfan123 | 2 comments | 06 Jul 25 14:03 UTC | HN request time: 0.467s | 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.

replies(4): >>44483859 #>>44484138 #>>44484711 #>>44489577 #

1. CPLX ◴[06 Jul 25 22:31 UTC] No.44484711[source]▶

>>44483691 #

As always in finance the secret ingredient is crime.

I wonder to what degree the lawsuit is what got this on the radar of the Indian authorities. Maybe they should have listened to Stringer Bell.

replies(1): >>44484838 #

2. ldjkfkdsjnv ◴[06 Jul 25 22:49 UTC] No.44484838[source]▶

>>44484711 (TP) #

I know someone that made 10 million a year for a long time on wall street. They said, generally you can assume anyone making a large amount of money is a criminal. Any large deviations from the typical returns you would see in an asset class was suspicious

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