Latest news with #JaneStreet
The Print
an hour ago
- Business
- The Print
Sebi lifts trading ban on Jane Street after Rs 4,843 cr deposit in escrow account
Following the compliance, the restriction on accessing the securities market no longer applies. The move comes after Jane Street complied with Sebi's directive, issued in the interim order dated July 3, to deposit the amount in an escrow account. New Delhi, Jul 21 (PTI) Markets regulator Sebi on Monday announced that it has allowed Jane Street, the US-based proprietary trading firm accused of market manipulation, to resume trading after the company deposited the mandated Rs 4,843.57 crore in an escrow account. 'In terms of para 62.11 of interim order in the matter of index manipulation by Jane Street group dated July 3, 2025, (interim order), upon compliance with the directions in clause 62.1 (creation of escrow account with a lien marked in favour of Sebi), for an amount of Rs 4,843.57 crore, the directions stipulated in clauses … of the interim order shall cease to apply,' Sebi said in a statement. While lifting the trading restriction, Sebi said the entities involved have been directed to 'cease and desist from directly or indirectly engaging in any fraudulent, manipulative or unfair trade practice', or any activity that might breach existing regulations. This includes trading in securities using any of the patterns identified or mentioned in the interim order. Jane Street and the related entities have confirmed their commitment to complying with these conditions. PTI SP BAL BAL This report is auto-generated from PTI news service. ThePrint holds no responsibility for its content.
Business Standard
13 hours ago
- Business
- Business Standard
Jane Street to resume trading in India after complying with SEBI's escrow requirement
Global trading giant Jane Street Group is set to resume its activities in Indian markets after complying with key conditions laid out by the Securities and Exchange Board of India (SEBI) in its interim order on alleged index manipulation. According to an official SEBI statement released on Monday, Jane Street has deposited Rs 4,843.57 crore into an escrow account as directed in SEBI's July 3 interim order. The deposit fulfills a crucial requirement that previously led to trading restrictions against the firm for its alleged use of manipulative strategies in Indian stock markets. Upon compliance with the escrow requirement, several interim trading restrictions on Jane Street have been lifted. This effectively means that Jane Street, which has denied any wrongdoing, can now resume trading activities in the country. However, the reprieve comes with a stern warning. SEBI's latest communication emphasizes that Jane Street must refrain from any direct or indirect engagement in manipulative or unfair trade practices. This includes avoiding the use of any trading patterns flagged in the July 3 order. Jane Street has reportedly confirmed its intent to comply. In addition, stock exchanges have been instructed to keep a close watch on Jane Streets positions and trading behavior. As per Paragraph 62.13, exchanges are expected to ensure that the firm steers clear of any activity that could be seen as manipulative, at least until SEBI's full investigation concludes and a final order is passed. The regulator has explained the reasoning behind its directions under the 'Balance of Convenience' section of the order, specifically in paragraphs 59 through 61. While Jane Street is now back in action in the Indian market, the shadow of ongoing scrutiny and regulatory oversight looms large. SEBI reaffirmed its commitment to due process and market integrity in the release.
India Today
13 hours ago
- Business
- India Today
Sebi clears Jane Street to resume trading, with strings attached
Jane Street Group has been allowed to resume trading in India, after the Securities and Exchange Board of India (Sebi) lifted its earlier this relief has come with a condition. The US-based trading firm will be under close watch going forward, with stock exchanges asked to keep an eye on its market activities to prevent any possible a statement on Monday, Sebi said that stock exchanges had confirmed they would 'closely monitor' Jane Street's positions and transactions to make sure the firm does not take part in any manipulative practices. This monitoring will remain in place until Sebi completes its ongoing Street was allowed to return to the markets after it complied with a key part of Sebi's interim order. The firm deposited Rs 4,844 crore in an escrow account held with a scheduled commercial bank in India. Sebi also has a lien on this account, meaning the money cannot be moved or withdrawn without its was a major condition in Sebi's interim order dated July 3, 2025. In that order, the regulator accused Jane Street of market manipulation in the Indian derivatives segment and imposed a temporary trading ban. Sebi alleged that the firm used questionable strategies that could impact price discovery and harm the fairness of the that the deposit has been made in full, the trading ban and other restrictions mentioned in the earlier order no longer early July, Sebi had barred Jane Street from the Indian markets, including any buying, selling, or dealing in securities—either directly or through others. Indian banks, custodians, registrars, and depositories were also asked to block any movement of assets linked to the regulator had argued that the trading firm made unlawful gains using strategies that were 'prima facie manipulative' and disturbed market stability. It had asked Jane Street to deposit the same amount of money as the suspected gains into an escrow account, pending further Street responded to the action by calling Sebi's findings a 'misunderstanding' of standard hedging an internal message to employees on July 6, the firm said that the regulator failed to understand the link between the derivatives and underlying markets, and also overlooked the role that market makers and arbitrage players play in maintaining liquidity and continue despite returnAlthough Jane Street is now allowed to trade again, Sebi's investigation has not ended. The regulator has made it clear that the current permission is only based on compliance with the escrow requirement, and further findings from the ongoing probe may lead to more action in 62.11 of Sebi's original order had stated that the ban would be lifted only after the company deposited the entire amount in escrow. Now that this has been done, Clause 62.2, under which the trading ban was placed, no longer Street's trading activity will now be monitored more strictly than before. Sebi has also warned that the relief is conditional, and the firm's future conduct in Indian markets will play a key role in shaping any further regulatory action.- Ends advertisement
News18
14 hours ago
- Business
- News18
SEBI Allows Jane Street's Return To Indian Markets With Conditions
But the respite that comes for Jane Street comes with some conditions and terms. SEBI has told the exchanges, BSE and NSE, to keep a strict surveillance on Jane Street Group's future dealings and positions to ensure that they won't indulge in any kind of manipulative activity till the completion of its investigation. 'Exchanges have confirmed that they will comply with this," Sebi said in a statement on Monday. SEBI also directed Jane Street group to not make any debits in respect of assets without the prior approval of SEBI. Moreover, the market regulator directed the banks where Jane Street affiliates are holding bank accounts to ensure no debits were made without permission of SEBI, according to ET report. Jane Street, as per Et report, said in the undertaking that it will not enter into options trading. Moreover, the group won't trade in the cash segment until it has explained its trading strategies to SEBI. Earlier this month, the markets regulator in an interim order had barred the Jane Street Group from participating in Indian securities markets. Sebi had banned the Jane Street entities from trading or accessing Indian markets, frozen an amount of Rs 4,843 crore, and given the group 21 days to respond or request a hearing. Founded in 2000, Jane Street is a US-based leading global trading firm that operates as a proprietary trading company. Unlike hedge funds, Jane Street trades using its own capital. It has operations across the US, Europe, and Asia, specialising in high-frequency trading and algorithmic strategies. The firm has over 2,600 employees and is known for its sophisticated quantitative models and automated market-making systems. In India, it operated through four firms — JSI Investments Pvt Ltd, JSI2 Investments Pvt Ltd, Jane Street Singapore Pte Ltd, and Jane Street Asia Trading Ltd.
Bloomberg
15 hours ago
- Business
- Bloomberg
China's $167 Billion Dam Project Fuels Optimism in Metal Stocks in India
Before the trading day starts we bring you a digest of the key news and events that are likely to move markets. Today we look at: Good morning, this is Chiranjivi Chakraborty, an equities reporter in Mumbai. Indian stocks might open firm this morning, following the overnight bounce on Wall Street. Meanwhile, Bajaj Finance will be in focus after its managing director suddenly resigned last evening — that's definitely got investors talking. On the regulatory front, SEBI's given Jane Street the green light to resume trading in Indian equities, which could give BSE a further boost after its 3% jump on Monday.
