I’d like to bring to the notice of General Public on the Serious Flaws in the National Stock Exchange of India’s Order Matching for Cash segment. I had placed an order to BUY 3 Quantity of HDFC Bank at Rs 653.00 with the NSE Exch OrderID as 2013101703723360. Also I placed another order to BUY 2 Quantity of HDFC Bank at Rs 652.80 with the NSE Exch OrderID as 2013101703732200. Till now everything looks fine.
Now at 15:11:41 both the orders get executed as the price of the HDFC Bank stock falls. Applying the logic and common sense, you expect the order of Rs 653.00 to execute first and then Rs 652.80 order. However, I was shocked to see that NSE Order Matching System executing Rs 652.80 order first and then the order of Rs 653 as is evident from the EXchangeTradeID 1782164 for Rs 653.00 order and 1782172 for Rs 652.80 order respectively. I am also attaching the screenshot of the Trading Terminal Order executions for 17/11/2013 below.
This will be the fate of this Country under Corrupt Central Government like the Congress and its Coterie of Looting Finance ministry Officials who have turned a blind eye towards famous scams like the National Spot Exchange Scam, the Mukesh Ambani Insider Trading Scam, etc.