Interns Are Making Up to $14,000 a Month at Indian Trading Firms

Core Insights - High-speed trading firms in India are significantly increasing entry-level salaries despite regulatory scrutiny in the equity derivatives market [1][3][5] Salary Trends - IMC Trading BV has raised intern salaries to 1.25 million rupees per month ($14,182), a threefold increase from 2024 [2] - Quadeye has increased entry-level pay to 750,000 rupees, a 50% rise from the previous year [2] - The average annual base pay for Indian finance professionals is approximately 700,000 rupees [2] Market Dynamics - Despite a 40% decline in derivatives trading due to increased regulations aimed at protecting retail investors, the potential for gains in the equity derivatives market remains high [3] - Foreign funds and proprietary trading desks generated $7 billion in gross profits in the year ending March 2024 [3] Demand for Talent - There is a strong demand for skilled traders, with frequent inquiries for new trading desks and intense competition for top-tier talent in India [4] - Companies are actively seeking quant researchers and trading system engineers to enhance their trading capabilities [4] Regulatory Environment - The Securities and Exchange Board of India (SEBI) is increasing scrutiny of the market, particularly following allegations against Jane Street Group LLC regarding market manipulation [5][6] - Jane Street has disputed SEBI's findings and is seeking to overturn a temporary ban from the Indian market [6][7] Client Sentiment - While recent regulatory actions have made some potential clients cautious, there remains a steady interest from companies looking to enter the high-speed trading segment [7]