Hacker News new | ask | show | jobs
by Abishek_Muthian 2383 days ago
In India, the exchange was bribed to have the servers within the exchange for algo trading by some high profile institutional traders!

[1]https://wikipedia.org/wiki/NSE_co-location_scam

1 comments

Is this fraud in India? I think most stock markets sell this as a service.
At that point SEBI (SEC equivalent) didn't permit exchanges to do it and were in the process of forming co-location guidelines, but this exchange went ahead and gave preferential treatment to few traders.