SEBI confirms Jane Street deposited ₹4,843 crore, says certain requests 'under examination'

Jane Street is eligible to resume trading into Indian equities after it deposited the ₹4,843 crore in an escrow account as directed by market regulator Securities and Exchange Board of India (SEBI) in its interim order last week, Moneycontrol reported citing sources with knowledge of the matter.

The global proprietary trading firm has made the deposit, which SEBI cited as 'unlawful gains' in its interim order, making it eligible to resume trading again, the report said, quoting the same sources.

SEBI's interim order had also directed banks, custodians, depositories, registrars to prevent any movement of Jane Street's assets until the deposits are made.

It remains to be seen how does Jane Street's return to Dalal Street impacts options market volumes.

CNBC-TV18 had reported on Friday that trading activity in India's options market has slowed down considerably, more so, during the weekly options expiry session, after SEBI's interim order on Jane Street.

On the NSE, the index options premium turnover on the weekly expiry day of Thursday, has dropped sharply over the last three weeks. What stood at ₹80,731 crore on June 26, the options premium turnover on the NSE fell to ₹61,511 crore on July 3, which happens to be the same evening that SEBI issued the Jane Street order.

However, a report from Reuters, citing sources, said that Jane Street does not intend to immediately start trading in the Indian option market and that they reserve the option to challenge SEBI's order.

CNBC-TV18 is yet to independently verify both Moneycontrol and Reuters' reports.