印度市场监管机构称Jane Street Group LLC要求提供更多文件是一种“拖延”策略，一天前，这家华尔街交易巨头敦促提供更多有关对其调查起源的信息。
India’s markets regulator called Jane Street Group LLC’s demand for additional documents a “dilatory” tactic, a day after the Wall Street trading giant pressed for more information about the origins of the investigation against it.
印度证券交易委员会的代表律师高拉夫·乔希（Gaurav Joshi）以一句印地语谚语开始了周二的争论，该谚语大致翻译为“小偷斥责警察”，暗示简·斯特里特（Jane Street）试图将指控转向针对监管机构。听证会将于周三继续。
Gaurav Joshi, a lawyer representing the Securities and Exchange Board of India, opened Tuesday’s arguments with a Hindi proverb that roughly translated to “the thief reprimanding the police,” suggesting that Jane Street was trying to turn the accusations against the regulator. The hearing will continue on Wednesday.
Joshi告诉当地法院，该公司正在寻求质疑SEBI的行为，而不是解释其交易策略并回应临时命令。他认为，监管机构只需提供其通过命令所依赖的文件，提供更多信息可能会损害正在进行的调查。
The firm is seeking to question SEBI’s conduct instead of explaining its trading strategy and responding to the interim order, Joshi told a local court. The regulator was only required to provide documents it relied on to pass its order, and furnishing additional information could harm the ongoing probe, he argued.
该案的结果可能会影响全球贸易公司对在全球最大的衍生品市场之一运营相关风险的看法。争议的核心是SEBI指控Jane Street影响了NSE Nifty Bank指数的股票定价，该指数是一个备受关注的基准，是交易量大的期权合约的基础。
The outcome of the case could shape global trading firms’ perceptions of the risks associated with operating in one of the world’s largest derivatives markets. Central to the controversy is SEBI’s allegation that Jane Street affected the pricing of stocks in the NSE Nifty Bank Index, a closely watched benchmark that serves as the foundation for heavily traded options contracts.
SEBI于2025年7月3日发布临时命令，暂时禁止该公司从事印度证券交易，并下令扣押484亿卢比（5.03亿美元）涉嫌非法收益。Jane Street将这笔钱存入托管账户，但尚未恢复在该国的交易。
SEBI’s July 3, 2025 interim order temporarily banned the firm from trading in Indian securities and ordered the seizure of 48.4 billion rupees ($503 million) of alleged unlawful gains. Jane Street deposited the amount in an escrow account but hasn’t resumed trading in the country.
SEBI律师表示，Jane Street应该解释为什么其策略不构成市场操纵，并补充说，这位华尔街交易员已经“成功地将此事推迟”了一年半。
The SEBI lawyer said that it was for Jane Street to explain why its strategy does not amount to market manipulation, adding that the Wall Street trader has “succeeded in delaying” the matter for a year and a half.
Jane Street一直在向监管机构寻求更多文件和内部电子邮件，以对临时命令进行辩护。周一，在SEBI的监督部门和国家证券交易所澄清其没有任何操纵行为后，它对调查的起源提出了质疑。
Jane Street has been seeking additional documents and internal emails from the regulator to mount its defense against the interim order. On Monday, it questioned the origins of the investigation after SEBI’s surveillance department and the National Stock Exchange cleared it of any manipulation.
Joshi告诉法庭，NSO报告是“初步的”，而监管机构早些时候的审查是“调查前”发现。他还引用了纽交所给该交易公司的警告信，并指责简·斯特里特无视这一信。
Joshi told the tribunal that the NSE report was “preliminary”, while an earlier review by the regulator was a “pre-investigative” finding. He also cited NSE’s caution letter to the trading firm and accused Jane Street of disregarding it.