SEBI Permits Jane Street to Resume India Trading with Conditions
By : Krishna Mishra
The Securities and Exchange Board of India (SEBI) has allowed the US proprietary trading firm Jane Street to resume trading in the Indian stock markets, noting that the company was permitted to resume trading after complying with the regulator's interim order of July 3 and transferring Rs 4,843 crore to the escrow account.
SEBI stated that the entities have been directed to cease and desist from
directly or indirectly engaging in any fraudulent, manipulative or unfair trade practice or
undertaking any activity, either directly or indirectly, that may be in breach of extant
regulations, including by dealing in securities using any of the patterns identified or alluded to in the interim order. The entities have confirmed that they will comply with this.
Additionally, the market regulator directed the stock exchanges to continuously monitor the future trading activities and positions of the group to prevent any potential manipulative behaviour until it concluded its investigations and any resulting actions.