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Biggest India Bourse Expects HFT Probe Resolution, IPO by March

  • Enquiry expected to be settled in six months: NSE’s Chawla
  • NSE has said it plans to refile prospectus for share sale
Inside The National Stock Exchange Of India
Photographer: Dhiraj Singh/Bloomberg

National Stock Exchange of India Ltd. expects a probe into its high-frequency trading system to be settled within six months, paving the way for an initial public offering by March, according to Chairman Ashok Chawla.

Billed last year as India’s biggest IPO in more than six years, NSE’s listing plans have been complicated by a regulatory investigation into whether the exchange gave some high-frequency traders unfair access to its trading system. A resolution will clear a major roadblock for the sale.