SEBI Recovery Notice to OPG Securities: NSE Co-Location
Why in the news
SEBI went after dues from a broker penalised in the NSE co-location matter.
Key facts
- Penalty imposed April 2024 on OPG Securities for unfair access to NSE servers.
- Charges against NSE and ex-officials were dropped in 2024 (lack of evidence); broker penalties stayed.
- Appeals pending at SAT and the Supreme Court.
| Term | Meaning |
|---|---|
| Co-location | Broker servers placed close to exchange servers, cutting latency |
| Secondary POP servers | Less crowded, faster; allegedly reached repeatedly by some brokers |
| TBT feed | Real-time order book data, allegedly received earlier by some brokers |
Why it matters
Faster data allowed anticipating trends and front-running, breaking the level playing field and raising doubts on market integrity and oversight.
Exam angle
- Regulator: SEBI; exchange: NSE.
- Related terms: latency, front-running, SAT.