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Planet Money

How Jane Street’s secret billion-dollar trade unraveled

28 min episode · 2 min read
·
Venkatesh Upadeya,Chris Dolmetsch

Episode

28 min

Read time

2 min

Topics

Investing, Fundraising & VC, Economics & Policy

AI-Generated Summary

What It Covers

Jane Street's billion-dollar secret trading strategy in India's options market gets exposed through courtroom revelations, triggering regulatory backlash and market manipulation allegations.

Notable Moment

Indian regulator SEBI discovers Jane Street made over four billion dollars while ninety percent of retail traders lost money, averaging losses near typical annual income.

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