The courtroom drama over an Indian options strategy that allegedly made $1 billion for Jane Street Group is drawing fresh attention to one of the world’s fastest-growing derivatives markets.
Wall Street has been riveted by the trading firm’s suit against two former employees and Millennium Management, after Jane Street claimed earlier this month that they stole a confidential and “immensely valuable” trading strategy.
The strategy’s focus on Indian options only became clear after lawyers for Millennium inadvertently identified the country in a hearing on Friday.
The courtroom drama over an Indian options strategy that allegedly made $1 billion for Jane Street Group is drawing fresh attention to one of the world’s fastest-growing derivatives markets.
Wall Street has been riveted by the trading firm’s suit against two former employees and Millennium Management, after Jane Street claimed earlier this month that they stole a confidential and “immensely valuable” trading strategy. The strategy’s focus on Indian options only became clear after lawyers for Millennium inadvertently identified the country in a hearing on Friday.
