Fastest-finger-first on Bond Street: Large investors alert Sebi

Fastest-finger-first on Bond Street: Large investors alert Sebi

Mumbai: Large bond investors have told the Securities and Exchange Board of India (Sebi) that some of the players are gaming the electronic bidding system to snatch deals within less than a second of the opening of the issue. A few of these high-speed traders who are outwitting the traditional debt investors, like bond houses, asset managers, insurers and retirement funds, are suspected to be using specialised software to grab securities in

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