India has barred Jane Street from the country’s financial markets and said it would seize around $570 million that the U.S. securities firm made from allegedly fraudulent trades.

US-based trading firm Jane Street has been banned from Indian markets after SEBI uncovered an alleged ‘intra-day index manipulation’ strategy that helped the firm earn ₹735 crore in a single trading day—raising serious concerns about algorithmic trading in

India's markets regulator has widened its probe into alleged market manipulation by U.S. securities trading firm Jane Street to include other exchanges and indices, according to a source, after barring it from trading in the Indian markets earlier on Friday.