SAT admits Jane Street appeal against Sebi in Bank Nifty manipulation

SAT admitted Jane Street's appeal against Sebi over alleged Bank Nifty manipulation, asking Sebi to reply in 3 weeks, with the next hearing set for November 18

The Securities Appellate Tribunal (SAT) on Tuesday admitted an appeal by US-based high frequency trading (HFT) firm Jane Street and its affiliates against the Securities and Exchange Board of India (Sebi) over an alleged market manipulation involving the Nifty Bank index.