The Securities and Exchange Board of India had on July 4 barred Jane Street from trading in Indian markets, alleging the firm manipulated stock indexes through its derivatives positions

On July 14, Sebi confirmed that Jane Street has deposited ₹4,843.58 crore into an escrow account, as directed under the interim order issued earlier this month. Following the deposit, the firm has requested that Sebi lift the trading restrictions imposed on its participation in the Indian equity markets.

Jane Street Group LLC is expected to argue that its controversial Indian options trades were a response to outsized demand from retail investors, people familiar with the matter said.

U.S. trading firm Jane Street said on Monday it has sought an extension to respond to an interim order from India's markets regulator alleging it manipulated securities markets.

Jane Street sought extension because it needs more time to rebut the allegations about its trades, a source aware of the matter said on condition of anonymity as they are not auth