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Here’s an important read for all future I-Bankers: Wanting to void trades, NSE refuses to pay for freak trade by Emkay Global.
This article made the front page of Economic Times on January 7.
“National Stock Exchange (NSE) has withheld payment to a few beneficiaries of a freak trade by brokerage Emkay Global and may consider annulling these trades, said a few brokers aware of the development.”
Read the full article here.
We believe that it is an important lesson for several reasons. Here’s one of them highlighted by our faculty member, Reshma Krishnan.
“This article clearly shows that operations control is key to trading and mitigation of errors such as this. The Imarticus CIBOP course level three dedicates an entire module to Operations Risk Management and actual events are simulated under investment banking environments helping students understand the practical nature of risk.”
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