Jane Street’s India Revenue Shrank Before SEBI Trading Ban (1)

Jane Street Group generated just 3% of its first-half net trading revenue from India, where it’s fending off allegations of misconduct by that nation’s securities regulators and exchange operators.

The roughly $500 million haul from India was on pace to total less than half the $2.3 billion Jane Street pulled in from that nation for all of 2024, according to people familiar with the matter, who asked not to be identified discussing non-public information. India contributed more than 10% of the total last year.

The Securities and Exchange Board of India temporarily banned the New York-based firm from the country’s ...