Co-location case: CBI books stock broker & NSE, NIPFP, Sebi officials

In a sensational case, the CBI has registered an FIR against a stock broker who allegedly manipulated the National Stock Exchange’s (NSE) system for two years to get first access to markets when they opened, officials said.

By manipulating the system, the accused would get access ahead of other brokers by some seconds, which was enough to make a difference in trade.

In the high-frequency algorithmic trading in the NSE, an edge of a few seconds to a stock broker in a trade can make a huge difference, the officials said.

Where did u get this from, give the link.

Thanks dude for the link, will check out from other sources. Looks real, but how did the CBI got to know, about the speedy transaction of the server with priority to the said Broker. Seems, someone from NSE IT didn’t get the piece of cake.