The lawsuit alleged that the traders had stolen a “ highly valuable, unique, and proprietary ” trading strategy, which was quickly revealed to revolve around India’s booming options market. Jane Street and Millennium settled the lawsuit in December, but judging from SEBI’s report it has cast a long (and expensive) shadow.

India's markets regulator has widened an investigation into alleged market manipulation by U.S. securities trading firm Jane Street to include other indexes and exchanges, a source familiar with the matter said.

India’s market watchdog SEBI has temporarily barred US trading firm Jane Street from accessing the local securities market over allegations of manipulative trades. Bloomberg's Abhishek Vishnoi breaks down what this means for India’s markets and exchanges.

England had big centuries from Harry Brook and Jamie Smith but little else to celebrate as India stayed in control of the second Test on a turbulent Day Three at Edgbaston. Resuming on 77-3 on Friday,