NSE settles Rs 643 crore payment with SEBI - Details
India's NSE pays $76.5 million to settle algo trading software case
The National Stock Exchange of India has paid 6.43 billion rupees ($76.5 million) to settle a case related to unfair access to its algorithmic trading software, India's markets regulator said on Friday.
NSE, former chief Vikram Limaye, others settle TAP system case with SEBI, pay ₹643 crore
SEBI approves ₹643 crore settlement in NSE case involving unfair advantage for high-frequency traders, former executives implicated.
NSE pays Sebi Rs 643 crore to settle TAP system misuse case
NSE TAP was introduced to monitor the number of orders that a broker sends to the stock exchange so that it could charge them a transaction fee. The TAP sends orders from a number of servers to the stock exchange.
NSE pays ₹643 crore to settle TAP platform misuse case with SEBI
The National Stock Exchange of India Ltd (NSE) has settled its Trading Access Point (TAP) Architecture and Network Connectivity case by paying a penalty of ₹643 crore [₹6,43,05,30,000] to Securities & Exchange Board of India (SEBI) that was probing an alleged deficiency on the part of the exchange and its top officials to deal with a situation wherein some high-frequency stock traders were found to be gaming the system.
NSE Settles Decade-Old Case With SEBI, Pays ₹643 Crore Settlement
A decade old case was resolved by former National Stock Exchange (NSE) chief Vikram Limaye and eight others with market regulator SEBI for alleged bypass of trading access point (TAP) system by certain brokers with payment of Rs 643 crore settlement.
NSE, former chief Vikram Limaye, others settled TAP system case with Sebi; pay Rs 643 cr
The National Stock Exchange (NSE), its former chief Vikram Limaye and eight others on Friday settled with markets regulator Sebi a case, pertaining to alleged failure to address the bourse's TAP (trading access point) system deficiencies,
NSE, former CEO Vikram Limaye to settle TAP misuse case with SEBI for ₹643 crore
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NSE, Vikram Limaye settle TAP misuse case with Sebi, pay Rs 643 crore
The exchange had filed a settlement application before the regulator first in 2023 and then a revised application in August 2024
Sebi passes settlement order in Trading Access Point case, NSE remits Rs 643 crore to regulator
Sebi has disposed off proceedings against NSE and other applicants in the TAP architecture and network connectivity case.
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India's NSE pays $76.5 mln to settle algo trading software case
The National Stock Exchange of India has paid 6.43 billion rupees ($76.5 million) to settle a case related to unfair access ...
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