On Thursday, Sebi issued an interim order barring the U.S.-based investment firm and its group entities from accessing the securities market in India, while directing them to disgorge ₹4,843.57 crore in alleged unlawful gains.

MUMBAI: Stating that it has “only engaged in basic arbitrage,” the now-banned US high-frequency trading giant Jane Street has told is preparing its official response to the Sebi charges and the resultant bank and that “arbitrage trades are a core and common mechanism of financial markets.

SEBI was seized of the matter relating to the Jane Street Group and took numerous steps to examine and investigate the extremely complex structures, Madhabi Puri Buch said.