SEBI had received complaints that National Stock Exchange (NSE) co-location facility had provided unfair access to select trading members. The co-location issue relates to brokers placing their servers at the exchange’s premises during 2011-14 [No doubt it happened during the Corrupt Congress Regime], which reduces the time for an order and provides a speed advantage to these over those located away from the premises. Faster access to data feed of an exchange, even by a split second, can result in huge gains.
SEBI in its investigations found that (i) NSE’s architecture with respect to dissemination of data was prone to manipulation and market abuse; (ii) preferential access was given
Read moreCan You Trust the National Stock Exchange of India ?