Informist, Monday, Jul. 7, 2025

MUMBAI – The Securities and Exchange Board of India is not looking to further curb weekly index expiry as of now and any decision will be taken on the basis of data, Chairman Tuhin Kanta Pandey said on the sidelines of an event in Mumbai. Pandey said he is set to look at data of the last three months of futures and options later in the day and SEBI is expected to release a white paper on the same.

In the aftermath of Jane Street issue, Pandey acknowledged that it was a surveillance issue and they are working towards upgrading their systems. "Surveillance at both the exchange level and SEBI-level will continue...we will also upgrade those surveillance measures," he said.

He dismissed the possibility of other large entities manipulating the market in a manner similar to that of Jane Street. On Friday, SEBI banned four entities of the Jane Street group, a global trading company, from participating in the Indian securities market over allegations of index manipulation. In an interim order, the regulator also directed impounding of INR 48.44 billion from the four entities. End

Reported by Vaishali Tyagi and J. Navya Sruthi

Edited by Nishant Maher

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