New Delhi, March 2 -- The Jane Street episode has resulted in sharper surveillance and calibrated regulatory tightening of India's derivatives market, says Securities and Exchange Board of India (SEBI) Chairperson Tuhin Kanta Pandey. The regulator has strengthened both its rule framework and real-time monitoring systems in response to the developments.

In an interaction with ANI, the SEBI Chairperson said that the regulator does not comment on individual matters as a matter of policy, but acknowledged that handling the Jane Street case led to a significant reinforcement of oversight mechanisms.

"It is not appropriate for us as a regulator to speak in the media on specific cases. Our orders speak for themselves," Pandey said when asked a...