Hidden Investigations Key to Unravel NSE Algo Scam

Two crucial investigations that could have significant implications on the algo scam or co-location (Colo) scam at the National Stock Exchange (NSE) that are pending conclusion and action are the key to estimating the size of the scam and profiteering from it. The first is about brokers being able to bypass the trade access point (TAP) and put in larger orders and profits and making illegal gain. The second is an expanded study by the Indian School of Business, Hyderabad (ISB, Hyderabad) to quantify the Colo scam which has been variously estimated at as much as Rs50,000 crore.