SEBI fines NSE Over Rs.625 crore In Co-Location Scam

Markets regulator SEBI has directed National Stock Exchange to pay more than Rs. 625 crore in the case of misuse of its co-location facility. SEBI has been probing alleged lapses in high-frequency trading offered through NSE’s co-location facility. The amount, if considered with simple interest, would come to little less than Rs1,000 crore. If it involves a compound interest, the fine could amount to around Rs. 1,300 crore.