The Indian markets regulator's ban on Wall Street trading giant Jane Street has squeezed volumes in the country's options market, but traders expect activity to snap back as larger investors step in.

A temporary trading ban imposed by India’s securities regulator on Jane Street Group LLC is fueling concerns that volumes in the nation’s bustling derivatives market may drop, hurting business at the top exchange.

As US-based quant trading giant Jane Street faces mounting regulatory pressure in India, a deeper look into its corporate structure reveals that its local units are largely overseen by foreign executives, with only a handful of Indian personnel in operational roles.