Jane Street regains India market access after depositing ₹4,844 crore in escrow: Report

High-frequency trading firm Jane Street has been allowed to re-enter Indian markets after depositing alleged unlawful gains of ₹4,844 crore in an escrow account before a July 14 deadline, Business Standard reported on Monday, citing people aware of the development.

SEBI has directed the National Stock Exchange (NSE) and BSE to closely monitor the firm’s future positions and trading activity. Jane Street and its associates have also been instructed to avoid any manipulative trading patterns flagged in SEBI’s interim order dated July 3, Business Standard said.

Last Monday, SEBI confirmed that Jane Street deposited more than ₹4,843 crore in an escrow account with a lien marked in favour of the regulator, in compliance with its interim order.

Jane Street said it undertook the deposit “without prejudice to their rights and remedies which remain available to them in law and equity,” according to SEBI’s statement.

Earlier this month, SEBI barred Jane Street entities from India’s securities markets after accusing them of deploying an “Intra-day Index Manipulation Strategy” between January 2023 and March 2025. The regulator alleged the group earned over ₹43,289 crore in profits from index options trading while incurring nearly ₹200 crore in intraday losses on underlying stocks and futures.

The regulator alleged the strategy involved aggressively buying BANKNIFTY constituent stocks and futures in early trading to push up the index, before reversing the trades later in the day to benefit its options positions.

Jane Street has disputed SEBI’s findings and plans to contest the order. In an internal memo reported by the Financial Times, senior management said they were “beyond disappointed” by SEBI’s “extremely inflammatory” accusations and are preparing a formal rebuttal.