US trading firm Jane Street confirms it will comply with directive: Sebi

Sebi confirms that Jane Street has complied with its directions to cease unfair trading practices and deposited ₹4,843.57 crore in an escrow account to resume operations in the domestic market

The Securities and Exchange Board of India (Sebi) on Monday said that US trading firm Jane Street has confirmed to the regulator that it will comply with the directions to cease and desist from engaging in any fraudulent, manipulative, or unfair trade practice.

 

The market regulator has given a go-ahead to the high-frequency trader to deal in the domestic market. This follows Jane Street's move to deposit ₹4,843.57 crore in the escrow account.

 

“Upon compliance with the directions in clause 62.1 (creation of escrow account with a lien marked in favor of Sebi, for an amount of ₹4,843.57 crore), the directions stipulated in clauses 62.2, 62.3, 62.4, 62.5, 62.7, 62.8, and 62.10 of the interim order shall cease to apply,” said Sebi in a statement on Monday.

 

 

The market regulator added that the exchanges have confirmed that they will closely monitor any future dealings and positions of Jane Street and its group entities on an ongoing basis to ensure that they do not indulge in any manipulative activity.

 

"Sebi remains committed to following due process and ensuring the integrity of the securities market," the regulator said in the release.