According to a report by moneycontrol.com, NSE filed the plea under the consent mechanism of the markets regulator. The mechanism allows market participants to settle any alleged violation by paying a fee and without admitting or denying guilt.
However, in this case, the markets regulator has denied the exchange any relief under the mechanism. Instead, it is expected to proceed with the charges and issue a regulatory order soon.
The case pertains to alleged collusion between NSE officials and OPG Securities one of the brokers accused of getting preferential access to the exchange's servers, thereby providing them an undue advantage over other traders.
The report said that Sebi had also provided NSE a chance of personal hearing sometime last week.
In 2019, Sebi had passed a series of orders in the co-location matter in which one of the key accusations was alleged collusion between NSE employees and OPG Securities.
Denne historien er fra February 14, 2024-utgaven av Financial Express Mumbai.
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Denne historien er fra February 14, 2024-utgaven av Financial Express Mumbai.
Start din 7-dagers gratis prøveperiode på Magzter GOLD for å få tilgang til tusenvis av utvalgte premiumhistorier og 9000+ magasiner og aviser.
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Murdoch ally helps Ambani build media empire in India
SOHEE KIM PR SANJAI
Pandya, Dube & Rinku: Can they finish for India at T20 World Cup?
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Microsoft AI Copilot speed boost for coding
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