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

(www.cnbc.com)
518 points bwfan123 | 1 comments | 06 Jul 25 14:03 UTC | HN request time: 0.213s | source
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balderdash ◴[06 Jul 25 20:27 UTC] No.44483756[source]▶
Having formerly worked for an NYSE Specialist firm the role of market making is incredibly important, but many large-scale HFTs today operate in ways that either stretch the legal boundaries or exploit regulatory gaps. Many practices arguably amount to market manipulation in spirit, even if technically legal. Candidly, the regulators are either too lazy, stupid, ill equipped or uninterested to do anything about it.
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1. bjoli ◴[07 Jul 25 16:52 UTC] No.44492233[source]▶
I wonder if things would be more tempered if you could, like in France, do a crime that is technically legal, but breaks the spirit of the law.

I can see how it would be awful in countries that have a common law system, but I am not sure I am completely against it in most of Europe.