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

According to Indian regulators, every trading day Jane Street would:

1) buy large volumes of stocks and/or stock futures that are part of an index tracking India’s banking sector, early in the day,

2) subsequently place large options trades, betting that the index would decline or volatility would spike later in the day, and

3) later in the day, cash out of the large long positions, dragging the index lower, making far more money on the options trades than on the long positions.

Jane Street can and likely will claim the firm was only arbitraging away pricing inefficiencies, nothing more, nothing less. It was just business as usual, etc., etc.

However, given the scale of the operation, Jane Street's actions sure look like textbook market manipulation. Calling it like I see it.

And this is what some of the brightest minds in the country are being harvested to develop. One of the biggest ongoing travesties.

Cash rules everything around me has been the slogan for this generation. Why wouldn’t they chase the biggest dollar?

By this generation please clarify you mean the ones that started this campaign in the 70s, not the subsequent lost generations of people who can barely envision owning a home with a graduate degree in engineering

here in the coastal West US, a mid-career policeman does not make enough money to buy a house and have children. A credentialed school teacher does not make enough money to pay RENT in many desirable places, and nowhere near enough to have children of their own and buy a house.