Jane Street Back in Action: Clears ₹4,843 Cr SEBI Hurdle, Trading Resumes Under Scrutiny

On 3 Jul 2025 SEBI froze Jane Street Group’s India activity and ordered it to park its “unlawful gains” — ₹4,843.5 crore — in an escrow account with a lien to the regulator (Clause 62.1 of the interim order). Until the money landed, the firm was barred from buying or selling any Indian securities (Clause 62.2). The Wall Street trading house has now deposited the full ₹4,843.5 crore, meeting the core condition of the order. With Clause 62.11 triggered, the trading ban has automatically fallen away, giving Jane Street the green light to restart dealing on Indian exchanges. What changes? • Free to trade again: Exchanges and intermediaries may reopen Jane Street’s accounts. • Strategy restrictions remain: SEBI insists the firm must “cease and desist” from any trade patterns it flagged as manipulative; future activity will be closely monitored. • Money stays locked: The escrow cash will sit untouched until the probe concludes. If investigators ultimately find no wrongdoing, it will be released back to the firm. What’s next? Jane Street can either jump straight back in or gauge sentiment first, but every move will be under the regulator’s microscope. The company continues to dispute SEBI’s allegations, calling them a misunderstanding of standard hedging practice, and can still present counter arguments at a post hearing stage. For now, though, India’s markets are once again open to one of the world’s biggest high frequency traders — just not on the same playbook that got it in trouble.