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Co-location scandal
May 9 , 2019
1899 days
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- The Securities and Exchange Board of India (SEBI) ordered the National Stock Exchange of India (NSE) to pay a fine of about ₹1,000 crore within 45 days for its supervisory laxity.
- Under NSE co-location facility, brokers can place their servers in the exchange’s data centre.
- But some brokers were given preferential access to the exchange servers.
- They gained thousands of crores because of this unfair advantage.
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