Markets regulator Sebi on Friday slapped fines totalling Rs 18 lakh on CPR Capital Services Ltd and PRB Securities Pvt Ltd for various violations with respect to using National Stock Exchange's co-location facility.
There were allegations of preferential access to Tick-By-Tick (TBT) data feed being given by the exchange to certain trading members, following which Sebi probed the matter. The two entities were among the trading members that were identified for comprehensive investigation for primary and secondary server connects.
Fines of Rs 12 lakh and Rs 6 lakh have been imposed on CPR Capital Services and PRB Securities, respectively, Sebi