Sebis clampdown on Jane Street has rocked Indian markets, exposing deep regulatory gaps in tracking complex derivatives trades. Accused of manipulating expiry-day moves to rake in unlawful profits, the case has triggered calls for tighter oversight,

The regulator is expected to investigate Jane Street’s trading activities even further, possibly expanding its probe to other stock indices and exchanges.

SEBI has imposed interim restrictions on US-based Jane Street, accusing it of manipulating India’s derivatives market to gain Rs 36,500 crore. The regulator froze Rs 4,843.57 crore in alleged profits,