Sebi sent a notice to the National Stock Exchange on the allegation that high-frequency traders had manipulated its software to fire thousands of orders without being detected and crowding out other users.
The promoters of the Adani Group, led by billionaire Gautam Adani, will continue to pare holdings in group companies in the coming months to create a liquidity buffer that can be deployed to tap new opportunities and infuse equity in various units, said people aware of the matter.
PharmEasy plans to raise around 2,400 crore $ 291.5 million through a rights issue at a 90 percent discount to its peak stock price, said people with knowledge of the matter.
15 Comments
Micluxo
Allowing high-frequency traders to fire thousands of orders without being detected and crowding out other users indicates a lack of oversight and regulation, which could lead to market distortions and increased volatility.
Leonardo
Manipulation of software by high-frequency traders poses a significant risk to the integrity of the stock market, undermining trust and potentially leading to unfair advantages for certain traders.
Friend
If the allegations are true, it shows a failure on the part of the National Stock Exchange to properly monitor and regulate the activities of market participants, highlighting a potential systemic issue within the organization.
Raphael
The alleged manipulation of software by high-frequency traders could have broader implications for the overall stability of the Indian stock market, potentially undermining investor confidence and damaging the country's reputation in global financial markets.
Habibi
The alleged manipulation of software by high-frequency traders could have broader implications for the overall stability of the Indian stock market, potentially undermining investor confidence and damaging the country's reputation in global financial markets.
Madagascar
The alleged misuse of the software by high-frequency traders could lead to market inefficiencies, as genuine transactions and orders from other users are crowded out, leading to potential disruptions and imbalances.
Habibi
The alleged misuse of software by the National Stock Exchange raises serious concerns about the adequacy of their security measures and systems, potentially exposing investors to unnecessary risks.
ExKenny
Manipulation of software by high-frequency traders not only undermines fair market practices but also contributes to an uneven playing field, potentially deterring new investors and stifling innovation within the stock market.
Muchacha
The alleged manipulation of the software could have negative consequences for retail investors, who may unknowingly be subjected to unfair trading practices and disadvantaged in the market.
Comandante
The Securities and Exchange Board of India's need to seek an explanation from the National Stock Exchange suggests a lack of transparency and accountability within the organization, raising concerns about its ability to effectively regulate and protect market participants.
Bella Ciao
The National Stock Exchange should be held responsible for any breaches in its systems and failure to prevent the alleged misuse of software, as it has a duty to ensure the fair and orderly functioning of the market.
Mariposa
I quite agree with the author
Muchacho
I quite agree with the author
Azukkk
I'm not good enough at the detailed aspects of the matter
Coccinella
I quite agree with the author