Ernakulam Public Library OPAC

Online Public Access Catalogue


Image from Google Jackets

ABSOLUTE POWER : Inside Story Of The National Stock Exchange’s Amazing Success, Leading To Hubris, Regulatory Capture And Algo Scam

By: Contributor(s): Language: English Publication details: Mumbai Kensource Books 2021/01/01Edition: 1Description: 276ISBN:
  • 9788195190737
Subject(s): DDC classification:
  • 332.6420954 DEB/AB
Tags from this library: No tags from this library for this title. Log in to add tags.
Star ratings
    Average rating: 0.0 (0 votes)
Holdings
Item type Current library Collection Call number Status Date due Barcode
Lending Lending Ernakulam Public Library General Stacks Non-fiction 332.6420954 DEB/AB (Browse shelf(Opens below)) Available E197101

In 1992, the Harshad Mehta scam led to profound changes in capital market regulation and infrastructure. One of these was setting up the NSE as a cleaner alternative to the century-old, scam- and faction-ridden BSE. In a supreme irony, NSE itself got embroiled in the algo scam originating in the Exchange’s sanctum sanctorum: the co-location servers for high frequency trading.

Were systems deliberately weak to allow unfair access to certain brokers? Did NSE employees collude with them? Who was responsible? Here is the whole story of NSE’s commercial success leading to arrogance and fall from grace, even as it continues to remain a highly profitable near-monopoly.

There are no comments on this title.

to post a comment.