Jane Street's Rs 4 crore Offer to IIT Student Preceded Sebi's Rs 36,500 crore Alleged Manipulation Scandal

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Indian recruitment process: who gets hired and why?

Global proprietary trading powerhouse Jane Street Group LLC offered a Rs 4.3-crore annual package to an IIT Madras student before the Sebi ban order. The firm is known for its lucrative compensation and rigorous recruitment process, hiring from universities like MIT, Harvard, and Stanford. Jane Street operated in India through associate entities JSI Investments Private Limited and JSI2 Investments Private Ltd.

Jane Street faced allegations of a Rs 36,500 crore market scam, making huge profits through options trading. Sebi imposed interim restrictions on Jane Street, freezing accounts and impounding unlawful gains. The firm has disputed the order and is engaging with the regulator.

Founded in 2000, Jane Street is a leading high-frequency trading firm with a global presence. The company employs over 2,600 people across five offices and operates in 45 countries. Jane Street seeks individuals with exceptional mathematical and programming skills for its trading desks.

India's talent pool and capital market attractiveness have drawn firms like Jane Street to establish a presence in the country. By leveraging local talent, Jane Street aims to enhance its global trading strategies and capitalize on opportunities in India's derivatives market.

According to the source: The Economic Times.