MUMBAI, July 14 (Reuters): US high-frequency trading giant Jane Street, which has been accused of market manipulation by Indian authorities, has deposited $567 million in an escrow account so that it can resume trading in the country.
The Securities and Exchange Board of India (SEBI) barred the firm this month from buying and selling securities in the Indian market and put a freeze on $567 million of its funds. Jane Street was only to be allowed to resume trading if an equivalent amount was deposited in an account that gives the regulator rights over the money until its investigation is complete.
SEBI said in a statement on Monday that the money had been transferred and it was examining the company's request that restrictions placed on it be lifted.
"The money has been deposited in good faith. The firm continues to contest the order and will send a formal response rebutting the allegations in coming weeks," said a source with direct knowledge of the matter.
Jane Street deposits $567m so it can resume India trading
FE Team | Published: July 14, 2025 23:44:36
Jane Street deposits $567m so it can resume India trading
Share if you like