Jane Street is requesting an extension to respond to Indian regulator SEBI’s accusations of index manipulation.
SEBI gave Jane Street 21 days to respond to its interim order – issued on 3 July.
READ MORE: Jane Street banned from India operations
The order said that Jane Street had pushed up stocks and future prices to inflate the BANKNIFTY index, making more than US$556.7 million in profit from options trading.
READ MORE: SEBI draws the line between trading prowess and market manipulation
A Jane Street representative stated, “Jane Street is committed to conduct that upholds the integrity of India’s capital markets and contributes to their continued development. We are engaging constructively with SEBI and have sought an extension to respond to the interim order issued on July 3.”
