National Stock Exchange of India

11 Nov 2024 10:19:03 am

Tags : National Stock Exchange of India

Topic: Financial Market

Why in the news?

The National Stock Exchange of India Ltd (NSE) has settled its Trading Access Point (TAP) Architecture and Network Connectivity case by paying a penalty of ₹643 crore to the Securities & Exchange Board of India (SEBI) probing an alleged deficiency on the part of the exchange and its top officials to deal with a situation wherein some high-frequency stock traders were found to be gaming the system.

Source: The Hindu

About National Stock Exchange of India Limited (NSE):

It is India\'s largest financial market and the fourth largest market in the world by trading volume.
It was incorporated in 1992 to bring about transparency in the Indian equity markets.
It was the first exchange in India to provide modern, fully automated electronic trading.
It is headquartered in Mumbai.
It conducts transactions in the wholesale debt, equity, and derivative markets.
It allows for new listings, initial public offers (IPOs), debt issuances and Indian Depository Receipts (IDRs) by overseas companies raising capital in India.
Some of its indices are S&P CNX Nifty, CNX Nifty Junior, India VX, S&P CNX Defty, S&P CNX 500, etc.

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