American financier Jeffrey Epstein has asked a US federal judge to release him from jail and allow him to remain under house arrest as he awaits trial on charges of sex trafficking.

In a court application in Manhattan, Mr Epstein's lawyers argued that home confinement, along with electronic monitoring, surveillance and a bond secured by a mortgage on his $77m Manhattan mansion would be enough to ensure that he does not flee the country.

New York-based federal prosecutors said at a court hearing on Monday that they would oppose the 66-year-old's release on bail, saying he posed an "extraordinary risk of flight" because of his wealth, private planes and significant international ties.

They are due to respond to Mr Epstein's motion by tomorrow evening.

Mr Epstein was arrested on Saturday evening at Teterboro Airport in New Jersey, where he had returned on his private plane from Paris.

He pleaded not guilty to sex trafficking underage girls and conspiracy from at least 2002 to 2005.

Prosecutors said he intentionally sought out girls under the age of 18.

Mr Epstein had faced similar charges in Florida in 2007, but reached a deal to avoid prosecution by pleading guilty to a prostitution charge and registering as a sex offender.

He served 13 months in jail, but was allowed to leave during the day to go to his office.

Mr Epstein's lawyers have said that the previous agreement should make him immune to the new charges, which cover the same period.

The New York prosecutors have said they are not bound by the agreement.

In today's application, Mr Epstein's lawyers said their client had shown he was unlikely to flee through his "perfect compliance with onerous sex offender registration requirements - pinpointing his exact nightly whereabouts - across multiple jurisdictions over a ten-year period".

They said he would nonetheless agree to be fitted with an electronic ankle bracelet, surrender his passport and de-register his private jet as conditions of his house arrest.