Markets regulator Sebi will engage a forensic auditor for its ongoing probe into the NSE co- location case to ascertain whether brokers made unfair gains in connivance with the exchange officials.
The watchdog has already issued show-cause notices to the National Stock Exchange (NSE) and several of its current and former executives as part of its investigation into alleged lapses in high-frequency trading offered through NSE's co- location facility.
Briefing reporters after its board meeting today, Sebi Chairman Ajay Tyagi today said the regulator is examining the exchange's response to the show-cause notice.
In the NSE case, Sebi has issued show-cause notices to the 14 key personnel, he said.
Besides, the regulator will engage the forensic auditor in the NSE co-location case to probe if brokers made unfair gains in connivance with exchange officials.
Earlier, the NSE had appointed forensic auditors to look into the issues related to the co-location issue.