SAT asks NSE to 'take on record' Emkay Global's proposed settlement

The Securities Appellate Tribunal has directed NSE to 'take on record' the settlement proposed by Emkay Global Financial ServicesBSE -0.36 % and the two counter-parties with regard to an erroneous trade that caused a 'flash-crash' in Nifty in 2012. 

The Tribunal has also asked the National Stock Exchange (NSE) to release within two weeks the payment that was withheld by it. 

The payment was withheld as the erroneous trade was not annulled by the exchange. The two counter-part .. 

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