Android Century
  • Home
  • Android Zone
    • Android Apps
    • Android Games
    • Apps APk Files
    • Games Apk Files
    • Apps Hack Tricks
  • Reviews
  • Fantasy Zone
    • Entertainment
    • Quotes and Status
    • Life Style
    • Home Made Tips
    • Hair Care
    • Skin Care
    • Fantasy Tips
  • Tricks
    • Free Recharge
    • Free Internet
    • shopping Cashback
    • Recharge Cashback
  • Tech
  • Mobiles
  • Gadgets
  • News
  • How To's
  • Software
Breaking
Loading...

Featured post

How to Take Great Photos With Apple's iPhone X

Recent Posts

Labels

  • Android Apk Files
  • Android Apps
  • Android Games
  • Apps Apk Files
  • Entertainment
  • Fantasy Tips
  • Gadgets
  • Hair Care
  • HomeMade Tips
  • How To's
  • News
  • Quotes
  • Quotes & Status
  • Recharge Cashback
  • Recharge Promo Codes
  • Shopping Cashback
  • Technology
  • skin care
Home / News / Sebi probes broker-bourse collusion on dark fibre link

Sebi probes broker-bourse collusion on dark fibre link

Latest Govt. Jobs 23:09:00 News Edit
Sebi probes broker-bourse collusion on dark fibre linkThe capital markets regulator will scan internal emails of brokers, their communication with the leading exchange, and trade data for past seven years to find out whether any brokerage using the ‘dark fibre’ connection received preferential treatment from bourse officials.

Last week, the Securities & Exchange Board of India (Sebi) asked over a dozen brokerages to share a string of information along with their agreement with Sampark Infotainment — a little-known agency which laid the dark fibre between the National Stock Exchange and Bombay Stock Exchange.

A dark fibre connection links the co-location servers of a broker in two exchanges, enabling it to obtain stocks and currency futures prices on both exchanges and cut arbitrage deals in milliseconds by cashing in on the price differences. The fibre, used solely to transmit data, was part of the overall high frequency trading strategy that helped some brokerages make a killing.

While Sebi has asked for trade numbers since 2010, trades using the expensive dark fibre connection began in end 2014-15. The emails to member brokers were sent by an official of Sebi’s Market Intermediaries Regulation and Supervision Department.

Sebi probes broker-bourse collusion on dark fibre link

“The investigation will look into whether there was a collusion between exchange officials and some brokers and in what manner… also, how Sampark was authorised to provide the service and freely access a sensitive zone within the exchange,” a person familiar with the development told ET.

“There is a suspicion that the number of brokers involved could be more than just a few whose names have been reported by the media,” the person said. Sampark, which did not have regulatory approvals to function as an ISP, was involved in site survey, link laying and termination, link trouble shooting, and device installation.

According to a senior official belonging to a Mumbai brokerage, “It seems the regulator is simultaneously investigating two issues: first, the alleged preferential access to NSE’s server that gave a handful of brokers an unfair advantage — which primarily relates to 2011-12; the second is the dark fibre issue where the only way the exchange could have favoured a broker is by allowing the intermediary to obtain the link well before others. While it was open to all, the facility was not adequately publicised.

Not everyone was aware in the beginning that such a fibre link virtually connecting a broker’s two co-location servers in two exchanges was available.”

In fact, by the time some brokers explored the possibility to obtain a dark fibre connection they realised that they had lost out on the first-mover advantage. While advanced software and connectivity are only two ways a high-frequency trader can beat rivals, questions have cropped up following letters from a whistleblower that the largest exchange has favoured some members over others. Many foreign institutions and large proprietary desks use sophisticated software programmes and place servers on the premises of stock exchange to enjoy an advantage over smaller brokers and traders.

Here’s how a dark fibre link helps: a broker’s co-location server in NSE will receive price data from BSE while the co-location server in BSE will obtain price information from NSE; the prices are compared and trades are executed in respective exchanges in fraction of a second.
Share on Facebook Share on Twitter Share on Google Plus

RELATED POSTS


Alcatel 1x with Android Oreo (Go ed...

Huawei P20, P20 Pro, P20 Lite price

Xiaomi Redmi 5 with 18:9 display
Sebi probes broker-bourse collusion on dark fibre link Sebi probes broker-bourse collusion on dark fibre link Reviewed by Latest Govt. Jobs on 23:09:00 Rating: 5

0 comments:

Post a Comment

Newer Post Older Post Home
Subscribe to: Post Comments ( Atom )

Search This Blog

TEST BOOK FOR GOVT ENTRANCE TEST

TEST BOOK FOR GOVT ENTRANCE TEST
Find All Latest book for preparation of SSC,RAILWAYBANK PO,RBI,BANK CLERK,GATE ME,GATE CE are available here in less prices, to check out the books click here

Translate

  • Popular Post
  • Random posts
  • Category

Popular Posts

  • Teen Patti Offer 2018: Refer and Earn Flipkart Vouchers Free
    Teen Patti Offer 2018: Refer and Earn Flipkart Vouchers Free
    Teen Patti Refer & Earn Offer:  Hey Guys! Today I make an article about Teen Patti Referral ...
  • Hands-on with the home windows 10 Creators update for the Xbox One: Beam recreation streaming arrives
    The Windows 10 Creators Update is here, now—yes,  now —but not (officially) on the PC. The ...
  • Taotronics TT-BH22 Headphones Review
    We make it a addiction to now not look up pricing of a product sooner than reviewing and if ...
  • Jio effect: Telcos may have to cut data rates 2017
    India's big  telecom  companies,  Bharti Airtel ,  Vodafone India  and  Idea Cellular , will be ...
  • How To Install Xposed Framework On Bluestacks
    How To Install Xposed Framework On Bluestacks
    How To Install Xposed Framework On Bluestacks For Rooted Bluestacks Only Requirements: ...
  • Facebook co-founder learned programming language in 2 days www.goandroidapps.in
    Facebook co-founder learned programming language in 2 days www.goandroidapps.in
    Facebook co-founder learned programming language in 2 days:  Learning an entire programming ...

Random Posts

  • Now Amazon wants to start shipping packages to the moon
    Now Amazon wants to start shipping packages to the moon
    04.03.2017 - 0 Comments
    Head of Amazon, Jeff Bezos, has said he wants to begin delivering packages to the moon in…
  • The best Sony Xperia X Compact deals
    The best Sony Xperia X Compact deals
    03.03.2017 - 0 Comments
    Best Sony Xperia X Compact deals If you're looking for the best Sony Xperia X Compact…
  • Homemade chocolate using cocoa powder
    Homemade chocolate using cocoa powder
    13.02.2016 - 0 Comments
    Most of us can't get cocoa beans where they live, or it's just too expensive. With this simple Instructable I…
  • Hyve Pryme specifications and brief review
    Hyve Pryme specifications and brief review
    13.11.2016 - 0 Comments
    Hyve Pryme smartphone was launched in November 2016. The phone comes with a 5.70-inch touchscreen display…
  • Paytm GRAB200 – Get 4% Cashback On Recharge And Bills Payment
    Paytm GRAB200 – Get 4% Cashback On Recharge And Bills Payment
    17.04.2016 - 0 Comments
    Paytm GRAB200 – Paytm is back with new Cashback recharge offer. Get 4% cashback on recharge and bills…

Labels

Android Apk Files Android Apps Android Games Apps Apk Files Apps Hack Tricks Entertainment Free Internet Freecharge Gadgets Games Apk Files How To's Laptops Guide Mobiles Reviews Technology Viral's android zone free recharge

Entertainment

Tricks

Popular Posts

  • How To Install Xposed Framework On Bluestacks
    How To Install Xposed Framework On Bluestacks
    How To ...
  • (no title)
    I’m thinking of ...
  • Take a look at Louis Vuitton's iPhone 7 case, costs a whooping $5000
    You've just ...
  • BenQ’s flagship photographer SW320 4K monitor in India costs Rs 1.25 lakh
    BenQ has launched ...
  • Stellaris's Utopia expansion adds Dyson Spheres, ringworlds, and a transdimensional breach
    Stellaris  is ...
  • WhatsApp now lets you search for GIFs from within its interface
    Spicing up your ...
  • How to Test Your Internet Speed from the Command Line
    How to Test Your Internet Speed from the Command Line

Random Posts

  • Six Alternative Ways to Access System Preferences on Your Mac
    Six Alternative Ways to Access System Preferences on Your Mac
    11.02.2017 - 0 Comments
    System Preferences are a Mac users one-stop location to make changes to the operating system,…
  • New LG Gram Laptops Boast 24 Hour Battery Life
    New LG Gram Laptops Boast 24 Hour Battery Life
    03.01.2017 - 0 Comments
    In 2015, LG launched the Gram line of laptops, which the organization was hoping you'll remember shopping…
  • Latest Samsung Galaxy S8 and S8 Plus show it all in side-by-side photo leak
    Latest Samsung Galaxy S8 and S8 Plus show it all in side-by-side photo leak
    10.03.2017 - 0 Comments
    Newly leaked photos of the Samsung Galaxy S8 and Samsung Galaxy S8 Plus are here…
  • The Data Manager slash Money Saver – AppSwitch
    The Data Manager slash Money Saver – AppSwitch
    03.01.2017 - 0 Comments
    In our digitally superior present-day lives, the distinction among wasteful makes use of of mobile…
  • New 5G is coming, but don't get carried away, T-Mobile USA's CTO says
    New 5G is coming, but don't get carried away, T-Mobile USA's CTO says
    27.02.2017 - 0 Comments
    T-Mobile USA's Chief Technology Officer Neville Ray prescribed a dose of reality for the 5G mania…

Most Popular

  • Teen Patti Offer 2018: Refer and Earn Flipkart Vouchers Free
    Teen Patti Offer 2018: Refer and Earn Flipkart Vouchers Free
    Teen Patti Refer & ...
  • SAMSUNG GALAXY J7 (2016) REVIEWS
    SAMSUNG GALAXY J7 (2016) REVIEWS
    SAMSUNG GALAXY J ...
  • Top 5 Best SmartPhones under 7000 Rs (March 2017)
    Looking for the ...
  • Apple, IBM, Cisco are huge because of Indians, do not deny them H-1B visa: RBI Governor Urjit Patel
    ...
  • SAMSUNG GALAXY J7 (2016) Specifications
    SAMSUNG GALAXY J ...
  • BlackBerry Teases Marshmallow Beta Testing for Priv by Next Week
    Blackberry ...
  • LG Q6 Review
    LG Q6 Review
    2017 is ...

Contact Form

Name

Email *

Message *

Offers Zone

Created By Android Century Distributed by Android Century
  • Home
  • About us
  • Contact us
  • Privacy policy
  • Terms of use
  • Advertise here
Subscribe Via Email Subscribe To Android Century By Email And Get Free Updates. ;-)


Your email address is safe with us!