It’s raining salaries for quant interns

FROM THE FRONT PACE

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“WE'RE GETTING INQUIRIES to set up new desks almost every month, and there is intense competition to attract top-tier traders, quant researchers and trading system engineers in India.”

Global giants and homegrown players aren’t backing away even as the Securities and Exchange Board of India (Sebi) looks set to further increase its scrutiny of the market, particularly in the wake of its findings with regard to Jane Street Group.

The regulator in July accused Jane Street entities of using their trading and technological might to influence prices in India’s stock and derivatives markets on expiry days, booking hefty profits in the process. The New York-based trading firm — which was temporarily banned from the market by Sebi — has disputed the allegations and is seeking to overturn the order, arguing that it has been denied access to crucial documents it needs to fight accusations of market manipulation.