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Algo Trading Case: SEBI Imposes Rs11 Crore Penalty on NSE, Chitra Ramkrishna, Ajay Shah, Ravi Narain and 4 Others

In an order which came late on Thursday evening, the Securities and Exchange Board of India (SEBI) imposed penalties totaling Rs11 crore on eight entities,

Krishna dagliRavi narainDebashis basuAjay shahChitra ramkrishnaSuprabhat lalSunitha thomasSunita thomasSucheta dalalSuprabhat lalaInfotech financial services ltdExchange board of indiaInfotech financial servicesNational stock exchangeExchange boardAbsolute power

Algo Trading Case: SEBI Imposes Penalties Totalling Rs11 Crore on NSE, Chitra Radhakrishna, Ajay Shah, Ravi Narain and Others

In an order which came late on Thursday evening, the Securities and Exchange Board of India (SEBI) imposed penalties totaling Rs11 crore on eight entities,

Krishna dagliRavi narainDebashis basuAjay shahChitra ramkrishnaSuprabhat lalSunitha thomasSunita thomasSucheta dalalSuprabhat lalaInfotech financial services ltdExchange board of indiaNational stock exchangeExchange boardLiquidity indexAbsolute power

SEBI fines Rs 11 cr on NSE, others in algo trading case

The case relates to NSE not awarding the contract for computing Liquidity Index (LIX) to its own specialised subsidiary, IISL.

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