However, the refund is contingent on the exchange agreeing to return the amount with interest if Sebi wins the appeal in the co-location scam case.
The court also served notice to NSE on a plea filed by Sebi challenging the Securities Appellate Tribunal’s (SAT) 23 January order. Questioning Sebi’s pace of the investigation, the apex court asked if it was asleep all this while. The case will now be taken up in September.
Under co-location services, some brokers trading from the same premises where NSE’s algorithmic trading servers were located could get faster access to the trading systems, thereby gaining an unfair advantage over others.
Diese Geschichte stammt aus der March 21, 2023-Ausgabe von Mint Mumbai.
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Diese Geschichte stammt aus der March 21, 2023-Ausgabe von Mint Mumbai.
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