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.