New Delhi, Oct. 5 -- US-based hedge fund Jane Street has asked the Securities Appellate Tribunal (SAT) to direct the Securities and Exchange Board of India (Sebi) to share the trading records behind its market manipulation allegations.

At Monday's hearing, Jane Street's lawyer said that Sebi should hand over the trading records used to accuse the firm of manipulating index prices and then profiting from options trading.

"Who is the counterparty? Are they independent people? Were the counterparty orders existing at the time I placed my orders? For example, if there was a whole slew of counterparties who had placed sale orders and I then picked them up, can I be accused of aggressively buying the push of the money?" said the firm's lawyer...