India’s markets regulator has allowed Jane Street to restart trading after the U.S. high-frequency trading firm deposited $567 million, two sources aware of the matter told Reuters on Monday.
A Business Standard report stated that Jane Street has received formal communication from Sebi. They confirming that the restriction on its access to Indian securities markets has been lifted. This follows Sebi’s interim order dated July 3, which had noted that “upon deposit compliance. The restriction on accessing the securities market will cease to apply.”
Citing sources, Reuters reported that India’s two main stock exchanges, the National Stock Exchange (NSE) and BSE, have been directed to closely monitor Jane Street’s activities.
In an interim order issued on July 3, the Securities and Exchange Board of India (SEBI) had barred the firm from buying and selling securities in the Indian market and froze Rs 4,844 crore of its funds. Jane Street could resume trading if an equivalent amount was deposited in an account that gives the regulator rights over the money until its investigation is complete, the order had stated.
