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Audit of 15 brokers by SEBI over unfair access

Audit of 15 brokers by SEBI over unfair access

Tuesday, February 28, 2017, 9:56 AM

The Securities and Exchange Board of India (Sebi), has begun a special audit of 15 brokers, who got unfair access to the algorithmic trading systems at the NSE, to find out how much unlawful gains they may have made. Algorithmic trading refers to the use of electronic systems, to execute thousands of orders on a stock exchange in less than a second.
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