Back in Action: Jane Street Group, a major global trading firm, can now start trading again in the Indian stock market. This is because the company has followed a key rule set by SEBI (Securities and Exchange Board of India). Jane Street has put ₹4,843.5 crore into a special escrow account, which was the main condition in SEBI’s temporary order from July 3, 2025, according to reliable sources.
A source confirmed that Jane Street Group deposited ₹4,843.5 crore on Friday, as required by SEBI’s order. Another person was familiar with the situation said that with the deposit made and conditions met, Jane Street can also restart its trading on Indian stock exchanges.
Later in the day, SEBI officially confirmed that Jane Street has followed the order by putting the money into an escrow account. SEBI was also said it is reviewing Jane Street’s request to lift some of the restrictions placed on it.
However, SEBI’s investigation into Jane Street’s trades is still ongoing. It will investigate other stocks and indices as well and may take another 6–7 months to finish. In the meantime, Jane Street must follow SEBI’s rule to avoid using trading strategies that are considered manipulative.
SEBI’s interim order had told Jane Street Group to deposit its alleged illegal profits into a special bank account (escrow account) in India. This account would be under SEBI’s control (Clause 62.1).
Until the deposit was made, Jane Street was banned from the stock market. They couldn’t buy, sell, or deal in any securities, either directly or through others (Clause 62.2). SEBI also told banks and other financial institutions to freeze Jane Street’s assets until the money was deposited.
However, the order also said that once Jane Street deposited the required amount, these restrictions — including the trading ban — would be lifted (Clause 62.11).
That said, SEBI made it very clear that Jane Street is still not allowed to use any trading strategies that SEBI considers fraudulent, manipulative, or unfair — especially the kind of strategy SEBI had flagged in its order.
In short: Jane Street can trade again, but it must avoid the specific trading tactics SEBI has called out as questionable or illegal.
What’s Next for Jane Street?
Back in Action: Even though Jane Street has now met SEBI’s key requirement by depositing ₹4,843.5 crore, it’s still uncertain whether the firm will jump back into trading right away. It may choose to wait and watch and assessing both the market climate and signals from regulators was before fully resuming its India operations.
SEBI has made it clear that Indian stock exchanges must keep a close eye on Jane Street’s future trades to ensure it doesn’t engage in any manipulative practices.
As of now, both SEBI and Jane Street have not responded to requests for comment. Any statements from them will be added once available.
SEBI also mentioned in its order that Jane Street could present valid legal arguments against the findings of the interim order. If the firm can convince SEBI in a post-hearing process, the restrictions might be lifted completely. Also, if the ongoing investigation finds that no market manipulation took place, the seized profits would be returned, and Jane Street would be allowed to trade freely in India without any limitations.
Jane Street has pushed back against SEBI’s allegations. According to a memo shared with its employees — and reported in the media — the firm stated that SEBI’s concerns are based on a “misunderstanding” of a standard hedging practice commonly used in global markets.
In other words, Jane Street believes that what SEBI viewed as suspicious or manipulative trading was actually a normal risk-management strategy. The firm is maintaining that its actions were legal and in line with common industry practices.
This dispute is expected to be a key part of Jane Street’s defense during the ongoing investigation and any potential post-hearing process. If the firm can prove its case, it could lead to a full reversal of the restrictions and the return of the ₹4,843.5 crore that’s currently held in escrow.
