Indian Exchange Grapples With Technology Divide Among Customers
- 40% of volume in India is HFT, highest in developing world
- Regulator asked exchange to look into claims of unfairness
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The head of India’s largest stock exchange, which is facing questions about whether the fastest traders have an unfair advantage, said it’s a challenge to balance the needs of investors with vastly different technological capabilities.
“You have, on one hand, brokers which are one-terminal shops and then you have brokers who have thousands of branches all over India,” Chitra Ramkrishna, the chief executive officer of National Stock Exchange of India Ltd., said Wednesday at the Bloomberg Markets Most Influential Summit in New York. “Their appetite and their ability to use technology is very different.”