Jane Street ban lifted: The Securities and Exchange Board of India (SEBI) has reportedly allowed US-based trading firm Jane Street to resume its operations in Indian stock markets after the firm deposited $567 million.The Indian market regulator has not issued any official statement on this development. Reuters reported, citing sources, that SEBI communicated via email to the firm on Friday, saying that the restrictions from its interim order would not apply following the monetary deposit.The report further said that both the National Stock Exchange of India Ltd and The Bombay Stock Exchange Ltd have received instructions to maintain close surveillance of the US-based quantitative trading firm’s activities. According to one of sources quoted, both exchanges are yet to enable Jane Street to conduct buying and selling of Indian securities.“While the firm has been allowed to resume trading in India, it has given an undertaking to SEBI that it will not trade in options. The firm also does not intend to trade in cash till it has explained its trades to SEBI,” the second source said.Jane Street Capital has placed roughly Rs 4843.50 crore into an escrow account whilst seeking permission from SEBI to resume their trading operations in Indian stock markets.SEBI announced through an official communication that Jane Street had transferred the disputed profits of Rs 4843.50 crores and sought authorisation to continue their market activities in India.“They (Jane Street) have further stated that this action has been undertaken by them without prejudice to their rights and remedies which remain available to them in law and equity,” stated SEBI in their announcement.According to SEBI’s latest communication on July 14, Jane Street’s application is being reviewed in line with the stipulations outlined in the interim order.
