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):
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-...