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In India, the exchange was bribed to have the servers within the exchange for algo trading by some high profile institutional traders! [1]https://wikipedia.org
by Abishek_Muthian 7y ago
In India, the exchange was bribed to have the servers within the exchange for algo trading by some high profile institutional traders!
[1]https://wikipedia.org/wiki/NSE_co-location_scam https://wikipedia.org/wiki/NSE_co-location_scam
- zorked 7y agoIs this fraud in India? I think most stock markets sell this as a service.
- Abishek_Muthian 7y agoAt that point SEBI (SEC equivalent) didn't permit exchanges to do it and were in the process of forming co-location guidelines, but this exchange went ahead and gave preferential treatment to few traders.