Page 3 - Nse Co-location Case

Infotech Financial, NSE official get stay against NSE in co-location case

Securities Appellate Tribunal directs Sebi to file its reply within six weeks.

Sebi's co-location order delays announcement of NSE's FY19 results

The NSE board will approve FY19 financial statement after legal view on the case

NSE co-location case: Sebi partially relaxes orders against 3 stock brokers

Markets regulator Sebi Friday partially relaxed orders against three stock brokers in NSE's co-location facility case by allowing them to close the open positions in F&O and currency derivatives segments within two months. The directions have been relaxed in the case of OPG Securities Pvt Ltd, Way2Wealth Brokers Pvt Ltd and GKN Securities. On Tuesday, Sebi had barred OPG Securities and its three directors from markets for five years, while Way2wealth and GKN Securities were asked to not undertake any trade on any stock exchange on proprietary account for two years. The Securities and Exchange Board of India's (Sebi) ruling came after it found the three brokers guilty of misconduct in NSE's co-location case. Following the order on Tuesday, Sebi said, it is understood that the three brokers are holding open positions in futures and options (F&O) and currency derivatives segments at the end of trading on April 30, 2019, which need to be closed. It is clarified that the directions

Is Sebi's Rs 1,100 cr penalty on NSE too harsh? By global standards, yes

The bigger impact of Sebi's order may be on NSE's culture. The company achieved dominance in a short time, leaving its much older rival, the Bombay Stock Exchange, in the dust.

Blessing in disguise: Why the $158 million penalty is good news for NSE

NSE's IPO was delayed after the NSE's December 2016 offer document disclosed an independent auditor report stating that its trading system was prone to manipulation

NSE had put aside Rs 2,000 crore to deal with the co-location fallout

Sebi directed the National Stock Exchange to disgorge Rs 625 crore, along with interest at 12 per cent per annum since 2014, for lapses at its co-location facility

Sebi keeps NSE's consent petition on hold in the co-location case

Regulator will take a call on consent plea only after final judgment by the Madras High Court on writ petition filed against exchange

Co-location case: Sebi directs senior NSE officials to stay 'out of action'

People with knowledge of the matter say Sebi's directive has come after the CBI intervened

Sebi finds lapses at NSE in co-location case, issues show-cause notices

Last month, Sebi chief Ajay Tyagi had said that the regulator had initiated enforcement action against several entities involved in the NSE's co-location issue

CBI quizzes OPG Security's Sanjay Gupta in NSE co-location case

According to a CBI official, Gupta in conspiracy with NSE officials "abused" the server architecture of the exchange

Sebi board to vet National Stock Exchange colocation probe report

The regulator has completed the investigation against 20 brokers, who allegedly gained unfair access to NSE's trading facility

Co-location case: Probe gathers steam; SFIO may be roped in

The case relates to some brokers allegedly getting preferential access through co-location facility at the NSE, early login and dark fibre.

NSE co-location row: I-T dept searches premises of brokers, seizes Rs 11 cr

Besides Delhi, searches were also conducted at Mumbai, Kolkata and Bengaluru

Keen to resolve NSE's co-location issue as soon as possible: Sebi chairman

The case relates to some brokers allegedly getting preferential access to NSE servers through co-location facility during 2011-14. The exchange discontinued the facility since 2014

NSE files consent application with Sebi to settle colocation issue

This allows alleged entity to settle issue by accepting penal action without admitting/denying guilt

NSE co-location: Settlement in limbo; Sebi wants audit of unlawful gains

Settlement is unlikely at this juncture as the case is under the scanner of various regulators