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Showing posts from March, 2013

HFT in India -> Getco comes to India

Getco, one of the world’s largest automated traders, has received regulatory approval to start operations in India, becoming the first western trading firm to tap into the country’s fast-growing electronic derivatives markets. Indian regulators have allowed Getco to open an office in Mumbai, and to become a member of the National Stock Exchange of India, according to a filing on the NSE’s Getco would trade equity options, rather than equities, a market in which a relatively high securities transaction levy and post-trade complications have created significant barriers to high-frequency trading in equities in India. Source: FT

Making BSNL proud!

For past 2 weeks my internet has been down for some reason unfathomed. But I have a story to tell you about it. BSNL, my provider, its customer care guys, more precisely the dumb buggers on the phone, were totally unhelpful. After repeated complaints I reached no where. While lots of things did get affected, I can never be really angry with BSNL. Never. Anyway, I got back from the travel and spoke to the real people behind the desks. It startles me to say that they were so kind and good, and they attended to me like I was a Head of State or something. Though, it was never a matter of ego, the recepetion and the dedication with which they went about solving the problem was simply magnificient. I have used several other providers, but never this kind of personal touch - anytime, anywhere. Truly, the dedication blew me off! I don't think such a contribution can be expected from an executive who works for money, like is the case of most telecom firms, but this was more like a family. M...