 "Sebi")
The Securities and Exchange Board of India(SEBI) on Wednesday penalised brokering firm Adroit Financial Services and Silver Stream Equities for their alleged involvement in the NSE colocation matter.
Both the brokers have been asked to pay a fine of Rs 600,000 each.
Sebi order says they continuously tried to log into the secondary server of NSE for faster access.
The matter dates back to between 2010 and 2014.
As per the Sebi order, Adroit logged into the backup server of NSE in the currency derivatives segment for 320 trading days during the investigation period. On the other hand, Sebi noted
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