investigation at the National Stock Exchange (NSE) into whether high-frequency traders were getting unfair access to some network servers at the exchange SEBI to start action against entities and individuals.
The Securities and Exchange Board of India (SEBI) said on Thursday it will initiate action against entities and individuals following an investigation at the National Stock Exchange (NSE) into whether high frequency traders were getting unfair access to some network servers at the exchange.
"We have taken a view what is to be done, and actions are being initiated against various entities which includes institutions and individuals," Ajay Tyagi, SEBI chairman, told a news conference.SEBI has been investigating allegations that NSE officials had provided high frequency traders unfair access through co-location servers placed at the site of exchange, which could speed up algorithmic trading.The Great Diwali Discount!
Unlock 75% more savings this festive season. Get Moneycontrol Pro for a year for Rs 289 only.
Coupon code: DIWALI. Offer valid till 10th November, 2019 .