Jane Street's derivative trading strategy lawsuit involves Indian markets
Sat, Apr 20, 2024 3:48 PM

Jane Street's derivative trading strategy lawsuit involves Indian markets

A Flip by Shubhangi Gupta
Get it on Google Play
Hedge Fund Jane Street’s lawsuit against rival Millenium Management regarding a secret trading strategy involves trading in the Indian derivatives market, per FT & Bloomberg. Jane Street had sued Millenium Management and 2 former employees, Douglas Schadewald and Daniel Spottiswood earlier in April, for allegedly stealing a “highly valuable, unique, and proprietary” trading strategy, FT reported.

More great flips

Bliss GVS Standalone March 2024 Net Sales at Rs 163.82 crore

Bliss GVS Standalone March 2024 Net Sales at Rs 163.82 crore

Reported Standalone quarterly numbers for Bliss GVS Pharma are: Net Sales at Rs 163.82 crore in March 2024 up 14.22% from Rs. 143.42 crore in March 2023. Quarterly Net Loss at Rs. 11.46 crore in March 2024 down 287.68% from Rs. 6.11 crore in March 2023. EBITDA stands at Rs. 33.61 crore in March 2024 up 93.27% from Rs. 17.39 crore in March 2023.

Open Flip
Air India announces non stop flights from Delhi to Zurich from next month

Air India announces non stop flights from Delhi to Zurich from next month

Air India on 3 May announced that it will start a non-stop service between Delhi and Zurich starting 16 June 2024, marking the airline’s entry in Switzerland and taking the total number of cities served by Air India in mainland Europe to seven. Air India currently operates a total of 60 weekly flights to and from six cities in mainland Europe.

Open Flip
Indian bonds see outflows as Fed bets curb index inclusion frenzy

Indian bonds see outflows as Fed bets curb index inclusion frenzy

Foreign funds dumped the most amount of Indian bonds in April since the Covid pandemic as concern on higher-for-longer Federal Reserve interest rates prompted traders to dial down their fervor over inclusion of the debt in global indexes. They sold nearly $2 billion of Indian sovereign and corporate bonds in April, a pace unmatched since May 2020.

Open Flip

Join our Smart Investment Community

More than 1 Million users are using FlipItMoney to stay updated about the business and finance world! Join FlipItMoney now and take smart investment decisions!
Icon