SEBI allows Jane Street to resume trading after depositing Rs.4,843.57 crore

SEBI allows Jane Street to resume trading after depositing Rs.4,843.57 crore

The restriction on accessing the securities market no longer applies

The Securities and Exchange Board of India (SEBI) has announced that it has allowed the US-based proprietary trading firm, Jane Street, to resume trading after the company deposited the mandated Rs.4,843.57 crore in an escrow account.

The move comes after Jane Street, accused of market manipulation, complied with the regulator’s directive, issued in the 3 July interim order, to deposit the amount in an escrow account.

Thus, the restriction on accessing the securities market no longer applies.

SEBI stated, "In terms of para 62.11 of the 3 July 2025 interim order, in the matter of index manipulation by Jane Street group, upon compliance with the directions in clause 62.1 (creation of escrow account with a lien marked in favour of SEBI), for Rs.4,843.57 crore, the directions stipulated in clauses of the interim order shall cease to apply.”

Meanwhile, the Jane Street Group representatives are scheduled to appear before SEBI for a personal hearing in early September.

It will be the high-frequency trading (HFT) firm’s first in-person interaction with the market regulator, which barred it from trading for alleged market manipulation. The ban was lifted after Jane Street deposited the amount, which the regulator identified as gains from disputed trades involving the Nifty Bank index.

The trading firm was given 21 days to respond.

After the restrictions were lifted, the entities involved were directed to “cease and desist from directly or indirectly engaging in any fraudulent, manipulative or unfair trade practice", or any activity that might breach existing regulations. This includes trading in securities using any of the patterns identified in the interim order.

Meanwhile, Jane Street and related entities confirmed their commitment to complying with SEBI’s norms.