A SEBI panel has found the National Stock Exchange to have given preferential access to its co-location servers for algorithmic trading to some stock brokers, Parliament was informed last Friday.
The Economic Times reported the finddings on firday, December 9.
“The architecture of NSE with respect to dissemination of Tick-by-Tick through Transmission Control Protocol (TCP) or Internet Protocol (IP) was prone to manipulation or market abuse,” Minister of State for Finance Arjun Meghwal said in written reply to Lok Sabha. This system has been discontinued by NSE with effect from December 3, this year, he added.
For the full article from the Economic Times, please click here
