English | June 1, 2021 | ISBN: N/A | ASIN: B096G5Q25V | 231 Pages | EPUB | 1.12 MB
In 1992, the Harshad Mehta scam led to profound changes in capital market regulation and infrastructure.
One of these was setting up the NSE as a cleaner alternative to the century-old, scam- and faction-ridden BSE. In a supreme irony, NSE itself got embroiled in the algo scam originating in the Exchange’s sanctum sanctorum: the co-location servers for high frequency trading.Were systems deliberately weak to allow unfair access to certain brokers?Did NSE employees collude with them? Who was responsible?