National Stock Exchange of India

Topic: Financial Market

Why in the news?

• The National Stock Exchange of India Ltd (NSE) has settled its Trading Access Point (TAP) Architecture and Network Connectivity case by paying a penalty of ₹643 crore to the Securities & Exchange Board of India (SEBI) probing an alleged deficiency on the part of the exchange and its top officials to deal with a situation wherein some high-frequency stock traders were found to be gaming the system. 

Source: The Hindu 

About National Stock Exchange of India Limited (NSE):

• It is India\'s largest financial market and the fourth largest market in the world by trading volume.
• It was incorporated in 1992 to bring about transparency in the Indian equity markets.
• It was the first exchange in India to provide modern, fully automated electronic trading.
• It is headquartered in Mumbai.
• It conducts transactions in the wholesale debt, equity, and derivative markets.
• It allows for new listings, initial public offers (IPOs), debt issuances and Indian Depository Receipts (IDRs) by overseas companies raising capital in India.
• Some of its indices are S&P CNX Nifty, CNX Nifty Junior, India VX, S&P CNX Defty, S&P CNX 500, etc.