SEBI allows Jane Street back into Indian derivatives market with conditions


The Securities and Exchange Board of India (SEBI) has allowed US-based hedge fund Jane Street to resume trading in Indian derivatives markets, following over a ₹4,800 crore fine for alleged BANKNIFTY index manipulation.

The SEBI order mandates strict monitoring by stock exchanges and prohibits manipulative trading practices.

“Upon compliance with the directions in clause 62.1 (creation of an escrow account with a lien marked in favor of SEBI, for an amount of 4,843,57,70,168/-), 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,” the official order said.

The clauses mentioned above relate to restrictions on accessing the securities market, freezing the securities, and restrictions on bank accounts, transfer of assets, etc. As per the Sebi order, all of this will go away.

India’s capital markets regulator had barred the entity from accessing the securities market on July 3 in an interim order.

A CNBC-TV18 report had mentioned on July 14 that the hedge fund deposited the amount.

Jane Street Group LLC is a global proprietary trading firm and employs more than 2,600 people in five locations across the US, Europe and Asia, trading in over 45 countries. It uses algorithms to identify trading opportunities in the market.





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