NSE Shifts Blame for India Flash Crash
Though less severe and less publicized than its US equivalent, the India Flash Crash of Oct. 5 nonetheless sounded alarm bells about the readiness of that country's top exchange to handle a devastating trader error. Concern only rose when, in its public response, the National Stock Exchange of India (NSE) defended its questionable actions throughout the crash by pointing its finger at "a mistake by only one member." It did not announce any technology upgrades or procedural changes on its part to
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