"We risk becoming the best informed society that has ever died of ignorance"
- Rubén Blades
"You can't make up anything anymore. The world itself is a satire. All you're doing is recording it"
- Art Buchwald
"It's getting exciting now, two and one-half. Think of everything we've accomplished, man. Out these windows, we will view the collapse of financial history. One step closer to economic equilibrium"
- Tyler Durden
"It is your corrupt we claim. It is your evil that will be sought by us. With every breath, we shall hunt them down."
- Boondock Saints
Wednesday, November 16, 2011
Tuesday, November 15, 2011
Sunday, November 13, 2011
The Securities and Exchange Board of India (Sebi) has initiated a probe into the annulment of derivatives trades on the Bombay Stock Exchange (BSE) on the day of Muhurat trading.
The market regulator has asked for the details of the trades, and has initiated investigations into factors that led to unusually high volumes. “Trade annulment is a serious issue,” a senior Sebi official noted. “This is the first time an entire session has been cancelled in so many years. We are looking into it.”
The regulator is also likely to look into deficiencies, if any, in the process of approvals and risk management systems, followed by the exchanges for such algorithmic trades, officials said.