What is the NSE colocation controversy all about, who were the players and what was the modus operandi? Here are the answers.
SEBI has completed its investigation against NSE and OPG Securities in the co-location matter and has initiated enforcement proceedings against them.
The Securities and exchange Board of India (Sebi) had conducted an investigation during October 20-31, 2011 in the shares of Ujaas Energy, which got listed on BSE and NSE on October 20, 2011.
Delhi-based OPG Securities, the brokerage at the centre of the algorithmic trading controversy on the NSE, has moved the Delhi High Court, seeking certain documents from the stock exchange.
The National Stock Exchange is awaiting SEBI‘s nod for easing of the order requiring the bourse to set aside revenues from its co-location services in an escrow account.