📅EduInvesting.in | May 13, 2025💼High-frequency trading meets corporate espionage.And India? Just the collateral damage.
🧠 TL;DR – Like Gadar, But With Algorithms
- 🇺🇸Jane Street, a legendary Wall Street quant firm, claimstwo of its traders ran off with a billion-dollar options strategy.
- 🕵️♂️ The traders joinedMillennium Management, another hedge fund, and allegedly used Jane’s “secret India trick” to print cash.
- 🧑⚖️Jane sued. Millennium denied everything.
- 📉 Retail traders? Still recovering from sudden spikes in option premiums they don’t understand.
🎭 Who’s Who in This Drama?
| Character | Role | Vibe Check |
|---|---|---|
| Jane Street | Original quant kings | “We invented this!” |
| Millennium | $60B+ hedge fund | “No, we just… guessed really well” |
| Doug & Daniel | Ex-Jane traders turned whistleblowers | “Algorithm leke bhaag gaye?” |
| India | Option market playground | “Bhaiya, premium ₹180 kaise ho gaya?!” |
🧾 What Was The “India Trick”?
- It was aderivatives trading strategyon Indian index options (likely Nifty/Bank Nifty weeklys).
- It exploitedpricing inefficienciesusing high-frequency bots — buying here, selling there, shaving microseconds.
- Jane Street allegedly made$1 BILLION in 2023from it. That’s more than the GDP of 15 small countries.
But in March 2024, boom — profits dropped like a bad intraday call.Jane cried:“They stole our sauce!”
⚖️ The Courtroom Tamasha
- Jane Street sued Millennium in
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