SEBI Allows Jane Street to Resume Trading in India

In a significant development, the Securities and Exchange Board of India (SEBI) has reportedly lifted the ban on US-based trading firm Jane Street, allowing it to resume operations in the Indian stock markets. This decision comes after the firm deposited a substantial amount of $567 million into an escrow account.

Close Surveillance Ordered: The National Stock Exchange of India Ltd and The Bombay Stock Exchange Ltd have been instructed to maintain close surveillance of Jane Street's activities. However, the exchanges have yet to enable the firm to conduct buying and selling of Indian securities.

Restrictions Apply: Jane Street has given an undertaking to SEBI that it will not trade in options and does not intend to trade in cash until it has explained its trades to the regulator.

SEBI's latest communication indicates that Jane Street's application is under review, in line with the stipulations of the interim order. The firm has transferred the disputed profits of Rs 4843.50 crores and seeks authorization to continue its market activities in India.