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Sebi completes probe against NSE, OPG in co-location case

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New Delhi : The Sebi has completed its investigation against the NSE and OPG Securities in the co-location matter and has initiated enforcement proceedings against them, Parliament was informed.

The market regulator was probing the alleged lapses in high-frequency trading offered through NSE’s co-location facility. It was also investigating whether some brokers had unfair access to the exchange’s co-location facility. The NSE’s co-location facility allows low latency and fast execution to trading members. “Sebi has completed its investigation against NSE and OPG Securities in the co-location matter and has initiated enforcement proceedings against them,” Minister of State for Finance Pon Radhakrishnan said in a written reply.