 "NSE")
The National Stock Exchange (NSE)'s new multicast trading system, used for sending data feeds to trading members and brokers, has received a thumbs-up from EY.
According to sources, the auditing and consultancy firm has certified that the upgraded data dissemination system is more foolproof and better placed to prevent manipulation. NSE has sent the EY certification to the markets regulator, Securities and Exchange Board of India (Sebi), the source added.
NSE had EY conduct a separate audit for its trading system to validate the new system, which the exchange had put in place since May 2014.
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