Who Understood this Loophole?!
Every scam occurs because of a mastermind who understands the loophole. In the case of the co-location scam, OPG Securities was one such mastermind who realized the TCP/IP protocol loophole that the TBT system used to distribute the data. OPG Securities understood how to access the data before others and even took help from some NSE officials.
When the common people got to know about the scam, SEBI, the highest security management authority of the Nation, investigated thoroughly with the Technical Advisory Committee, which finally revealed that there was unfair support from within the NSE. Without any internal consent, it’s implausible that any broker would get access to such a prestigious exchange’s confidential secondary server data for two years, from 10th December 2012 to 30th May 2014.
NSE Co-location Scam: Everything You Need To Know!
Stock Market scams aren’t new. India has witnessed several scams that have caused enormous losses for several investors all over the country. Each of the scams has its own story and uniqueness. The co-location scam is one such unique case in the history of the Indian Stock market that you would love to read till the very end. So let’s dive into the details of the scam before any delay.