Co-location case: NSE initiates talks with Sebi on consent plea
Leading stock exchange NSE today said it has initiated fresh talks with markets regulator Sebi to settle a probe into the co-location issue through consent mechanism.
"The timeline for the IPO is dependent on the resolution of the regulatory matters with Sebi," Limaye added.
Last month, Sebi issued fresh show-cause notices to the National Stock Exchange (NSE) and several of its former and current executives.
The Securities and Exchange Board of India (Sebi) has been probing the alleged lapses in high-frequency trading offered through NSE's co-location facility. It was also investigating whether some brokers had unfair access to the exchange's co-location facility.
NSE's co-location facility allows low latency and fast execution to trading members. This setup of server gives a 10: 1-speed advantage in comparison to other brokers.
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