MUMBAI, May 2 (Reuters) - India's Emkay Global Financial
Services said on Thursday the National Stock Exchange
(NSE) has disallowed the annulment of trades carried out in a
series of large erroneous orders by the brokerage on Oct. 5,
Emkay said it is considering legal action, including
challenging the decision.
Last October, a series of large erroneous orders were made
on a broad basket of shares by a broker at Emkay that sent NSE's
main index tumbling as much as 15.5 percent and forced
suspension of trading for several minutes.
(Reporting by Prashant Mehra; Editing by Prateek Chatterjee)