New Delhi, July 4 -- The Securities and Exchange Board of India (SEBI) has barred US-based trading firm Jane Street and three of its affiliated entities from accessing Indian securities markets, citing allegations of large-scale manipulation in the derivatives trading.

The entities named in SEBI's interim order include JSI2 Investments Private Ltd, Jane Street Singapore Pte. Ltd, and Jane Street Asia Trading Ltd. SEBI has also directed the entities to deposit Rs.4,843.5 crore - alleged to be illegal gains - into an escrow account maintained by the regulator. Additionally, a debit freeze has been imposed on their bank accounts.

According to SEBI's Whole Time Member Ananth Narayan G, the Jane Street Group is alleged to have engaged in man...