The whistle-blower who put the spotlight on National Stock Exchange of India Ltd’s (NSE) algorithmic trading practices and policies is pleased with Securities and Exchange Board of India’s (Sebi) action on the complaints.
“I am glad to note that finally some action has taken place on the complaints,” he wrote in a letter dated 14 February to Sebi. He is presumably referring to the changes in the board as well as the top management at the exchange, besides findings by a third party auditor that confirmed some of the complaints in his letters.
