Jane Street Capital Resumes Trading in India

US-based quantitative trading firm Jane Street Capital has been granted permission by the Securities and Exchange Board of India (Sebi) to resume its operations in the Indian stock markets. This comes after the firm deposited a hefty sum of Rs 4,843.50 crore (approximately USD 567 million), as reported by Reuters.

Conditions and Monitoring

Despite the lifting of the ban, Sebi has instructed the National Stock Exchange (NSE) and the Bombay Stock Exchange (BSE) to closely monitor Jane Street’s trading activities. The firm has also agreed not to trade in options and to explain its trades to Sebi before engaging in cash transactions.

Allegations and Investigations

The regulatory body accused Jane Street of making Rs 36,500 crore in unlawful profits through strategic trading across various segments. The firm has deposited the alleged gains in an escrow account, seeking to resume trading without admitting wrongdoing.