Jane Street, the US trading giant, could appeal SEBI’s order before the Securities Appellate Tribunal (SAT), while also reserving the right to respond to the allegations within the 21 days of the order, as per Bloomberg. According to them, if the market regulator finds the response acceptable, it might lift its temporary order. If not, SEBI is likely to issue a formal order detailing a schedule for its investigation prior to delivering a show-cause notice.
Jane Street deposits Rs 4,843.5 crore
Earlier, Moneycontrol, citing sources reported that the US-based company deposited Rs 4,843.5 crore, as per SEBI directive, into an escrow account, meeting the primary condition specified in SEBI’s interim order dated July 3, 2025, reported .
As per the report on Moneycontrol, “With the deposit made in an escrow account and the order’s terms met, Jane Street can now resume its trading operations on the exchanges.” Overall, the SEBI ban on Jane Street had created quite a furore in the market and derivative volumes saw a significant dip. One needs to see how this step impacts market sentiment.
Will this allow Jane Street to trade again?
In its interim order, the market watchdog instructed entities of Jane Street Group to place the purported illegal profits into an escrow account at a scheduled commercial bank in India, securing a lien for the regulator (Clause 62.1).
Clause 62.2 of the order had restricted the group from engaging with the securities market and banned it from purchasing, selling, or transacting in securities, whether directly or indirectly.
The directive also instructed banks, custodians, depositories, registrars, and transfer agents to halt any transfer of Jane Street’s assets until the deposit is completed.
Nonetheless, the directive specified that these limitations — such as the trading prohibition — would come to an end once the company adhered to the requirements and paid the designated sum (Clause 62.11).
SEBI clearly directed the group to “cease and desist from directly or indirectly engaging in any fraudulent, manipulative or unfair trade practice or undertaking any activity… that may be in breach of extant regulations, including by dealing in securities using any of the patterns identified or alluded to in this order.”
In other words, Jane Street is prohibited from implementing the trading strategy described by SEBI in its interim order.