/ SEBI Issued Notice To The NSE On Preferential Access To Brokers ~ Ways2Capital|Stock Tips|Stock Market Tips|Intraday Stock Tips|Stock Trading Tips|NSE BSE Tips

Thursday, 22 June 2017

The notice to the NSE by SEBI is for following the market regulators probe into alleged preferential access given by the stock exchange to some broker through its Co location facility.

SEBI Chairmen Ajay Tyagi said after meeting with the SEBI Board that they have issued a show cause notice to NSE and to 14 key management personnel.

The SEBI Chief further added they have engaged forensic experts to aid in this investigation.

SEBI got multiple complaints about some brokers allegedly getting preferential access through the co-location facility, early logging and dark fiber, which can allow a trader split-second faster access to the data feed of an exchange. Even such split-second faster access can result in windfall gains for a trader, that's why SEBI began investigating the matter in early 2015.

The RBI and Finance Ministry asked SEBI for clarifying whether this alleged lapse pertained to the operation of exchange traded currency and interest rate derivatives.

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