Futures

  NSE Co-Location Scam Report by- Sanjeedeep Mishra Introduction The case dates back to 2015 when a whistleblower filed a complaint with the Securities and Exchange Board of India (Sebi) alleging irregularities concerning NSE's co-location facilities. According to the complaint, a few traders in alliance with some NSE officials breached the co-location guidelines. It was alleged that the stock exchange indulged in practices of granting preferential market access to select brokers that resulted in market manipulation and artificial information asymmetry. At that time, the NSE was using the tick-by-tick (TBT) server protocol to disseminate data to its members. This market architecture was prone to market violations, according to investigation findings by the Technical Advisory Committee (TAC) of Sebi and Deloitte India. A whistleblower wrote to the market regulator alleging that some brokers, engaged in algorithmic trading, could log into the NSE systems with hardware specifi...

  With 260 mn students enrolled in 1.5 mn schools and 39000 colleges catering 27.5 mn undergraduates and 4mn postgraduates, the Online education industry has grown from $247Mn to $1.96Bn and 1.6Mn users to 9.6Mn users from 2016 to 2021. The Informal Education, which includes pre-primary, coaching classes and vocational education and tech-based education courses, is one of the largest in the world. It has low entry barriers and has witnessed entries of large number of players in the past few years. The trend of upskillment in a large working force and Entrance test preparation, contributes to a faster growing online education market in India. C2C models have emerged where content is curated and shared by the individuals through a platforms for the individuals to be consumed. Similarly, B2B models, where institutions seek for a third-party to reach the individuals. Collaborations with corporate entities plays a pivotal role in developing industry-certified content, increasing the...