New Delhi, July 8 -- The interim ban on Jane Street from accessing the market for alleged manipulation has left the Indian Institutes of Technology in a bind. The nation's top engineering colleges must quickly decide whether the high-frequency trading firm will be allowed to hire from their campuses.

The placement teams are "evaluating" how acceptable is the US-headquartered firm, which usually picks up students during their internship process and then rolls out pre-placement offers.

"We are evaluating our options. The internship process for the batch of 2026 will start in a few days and companies come in during July and August," said one of the placement executives at an IIT whose alumni are working for the firm. "Jane Street has been ...