NSE aims to settle unfair access probe with SEBI

India's National Stock Exchange is talking with the market regulator to settle any issues and accept a penalty tied to the disclosure that some brokers may have been given unfair access to NSE servers, two sources familiar with the matter said. The Securities and Exchange Board of India (SEBI) is probing whether NSE employees gave some algorithmic and high-frequency traders preferential access to NSE servers.

The investigation is delaying NSE's planned initial public offering, expected to be worth up to $1 billion, and the sources said the bourse wanted to settle the issue and move on. NSE disclosed in December it had hired a consultancy firm to look into the matter, but the consultants had been unable to prove collusion between brokers and NSE employees. 

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