Jane Street seeks more time from Sebi to respond to July 3 order on market manipulation case
Jane Street
has sought more time from the Indian market regulator Securities and Exchange Board of India (
Sebi
) to respond to the interim order issued on July 3 against alleged
market manipulation
case.
'Jane Street is committed to conduct that upholds the integrity of India's capital markets and contributes to their continued development. We are engaging constructively with SEBI and have sought an extension to respond to the interim order issued on July 3,' the US-based firm said in a statement issued on Monday.
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On July 21, Sebi had given conditional relief to U.S. trading company by allowing it to access the securities market and carry out trading activities. Sebi's conditional relief came after Jane Street created a Rs 4,844 crore escrow account.
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