Colocation facilities were offered by NSE to the brokers from 2010 onwards
Don't forget, the NSE scam and its abuse of power happened under the gaze of three successive Sebi chairmen, the worst happening under C B Bhave and U K Sinha
Narain appeared before the federal agency in Delhi on Saturday and he may be called again for further questioning
The scandal at the very top of the National Stock Exchange shows it's a systemic failure which must be rectified quickly
Sebi order says they continuously tried to log into the secondary server of NSE for faster access
Sebi imposed a penalty of Rs 6 lakh each on Adroit Financial Services and Silver Stream Equities for flouting norms with respect to using National Stock Exchange's co-location facility.
Capital markets regulator Sebi on Wednesday imposed a penalty of Rs 3 lakh on Master Capital Services Ltd for flouting norms with respect to using National Stock Exchange's co-location facility. In its order, Sebi said the broker has connected to the secondary server connection roughly on 81 per cent or 256 days out of total around 317 trading days in the F&O segment during the period 2013 and 2014 (till April 7, 2014) even after emails from NSE. Therefore, Master Capital Services Ltd (MCSL) has violated the provisions of the NSE bye-law and code of conduct specified under stock brokers' rule, it added. NSE co-location team had sent an email in December, 2011 to MCSL, which stated that "members are not supposed to connect to secondary server until exchange intimates to do so". Further, the members can move to secondary source in case of non-availability of data from TBT (tick-by-tick) primary source, the email mentioned. Secondary server was provided by NSE in order to enable .
Franklin Templeton fiasco, brokers' default, outcomes of IL&FS & DHFL may be taken up during today's meet
Capital markets watchdog Sebi on Monday imposed a penalty of Rs 6 lakh on Parwati Capital Market Pvt Ltd in the NSE co-location case
Exchange made to shell out Rs 1 cr, former heads told to cough up Rs 25 lakh each
From the beginning of nomination process for Delhi Assembly elections to the verdict on Muzaffarpur shelter home case, Business Standard brings you the top events of the day
Regarding the brokerage firm, Sebi said it was the responsibility of Way2Wealth Brokers to ensure that Sampark had requisite license to carry out such activity