Jane Street Resumes Trading: Market Manipulation Allegations Lifted
US-based trading firm Jane Street has been allowed by Sebi to resume trading on the securities market after depositing Rs 4,843.57 crore in an escrow account. This comes following compliance with Sebi's previous directives. Trading restrictions have been lifted, though conditions against fraudulent practices remain.
- Country:
- India
The Indian markets regulator, Sebi, has permitted the US-based proprietary trading firm, Jane Street, to re-enter the trading arena. This decision follows the firm's compliance with a directive to deposit Rs 4,843.57 crore in an escrow account, as mandated in an interim order from July 3rd.
This regulatory mandate, pertaining to allegations of index manipulation against Jane Street, required the firm to create an escrow account as a condition for regaining access to the securities market. By fulfilling this directive, Jane Street has seen the restrictions lifted.
Although Jane Street can now resume trading, Sebi cautioned the involved entities to adhere to regulations and avoid any deceptive trading practices. The firm has shown commitment to abide by these stipulations.
(With inputs from agencies.)
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