Jane Street wrote to the Securities and Exchange Board of India (Sebi) requesting additional time to address allegations of market manipulation in the derivatives sector.“We are engaging constructively with Sebi and have sought an extension to respond to the interim order issued on July 3,” Jane Street announced, as quoted by Economic Times. While the statement did not specify the duration of extension sought, industry sources, cited by ET, indicated that the firm has also requested access to documents that Sebi used as evidence in its 105-page ruling from early July.The 21-day response window set by Sebi for Jane Street’s reply to its interim ex-parte order concluded last week. “Jane Street is committed to conduct that upholds the integrity of India’s capital markets and contributes to their continued development,” the firm said.In early July, Sebi restricted Jane Street’s securities market access, citing alleged manipulation of stock indices through substantial derivative positions, primarily in Bank Nifty. The regulator demanded repayment of Rs 4,844 crore in alleged illicit gains from these trades.The firm promptly complied with the directive, transferring the amount to an escrow account, after which the trading restriction was removed. “We take pride in the role we serve in markets around the world, and it’s painful to have our firm’s reputation tarnished by a report based on so many erroneous and unsupported assertions,” Jane Street communicated to its employees on July 6.