SEBI may lift the ban on Jane Street this week after an escrow deposit related to alleged unlawful gains from expiry-day index manipulation.
SEBI is examining a request from Jane Street to lift the interim trading restrictions, possibly allowing the firm to resume trading under close monitoring for any suspicious patterns.
While the ban lift is probable, Jane Street is not likely to immediately resume trading and will wait for full resolution of the matter. The firm reserves the right to challenge the allegations.
SEBI had accused Jane Street of manipulating index levels on expiry days through large trades, potentially misleading smaller traders for favorable options prices.