Trading system at nse

The National Stock of Exchange of India Ltd NSE has hired accounting firm Deloitte India to do a system audit and to examine allegations of unfair access to some trading in algorithmic trading. A spokesperson for Deloitte declined to comment. This comes after a Securities and Exchange Board of India-appointed Sebi-appointed committee found instances of fair access violation by the exchange and certain brokers. On 9 September, Sebi wrote to the board of the exchange to commission a forensic audit of its co-location facility and algorithmic trading platform system a third party, Nse reported.

It will also examine allegations of collusion between NSE officials, vendors and brokers and gather evidence if any violations are found, said two of the people cited earlier. Algorithmic trading or high-frequency trading HFT refers to the use of electronic systems which nse potentially execute thousands of trading on the stock exchange in less than a second.

Trading firms that have faster access tend to have an edge system others. The allegations against NSE pertain to members who co-locate their servers on the premises of the exchange system low latency. It is not uncommon for regulators to nse exchange systems nse when issues of misconduct are highlighted. For instance, nse of National Commodity and Derivatives Exchange NCDEX were audited when a settlement crisis cropped up in it castor contracts which were later suspended.

NCDEX submitted its final report which included excerpts from the report submitted by the audit firm Mukund M. However, when the Forward Markets Commission FMC had asked nse an audit of Multi Commodity Exchange of India Ltd MCX inthe auditor was directly reporting trading FMC.

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