Current Affairs – February 2017

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SEBI to tighten algorithm trading rules to minimise instances of flash crashes

The Securities and Exchange Board of India (SEBI) is planning to further tighten the regulations for algorithmic trading to minimise instances of misuse of such systems.

The tight regulations aim to curb the instances of flash crashes that have happened overseas and also in India few times. India is one of the few countries in the world to regulate algorithmic trading.

Flash crash results in extremely rapid decline in the price of one or more commodities or securities caused by algorithmic trading.  It can result in the loss and recovery of billions of dollars in a matter of minutes and seconds.

Many countries and regulators, including the International Organization of Securities Commissions (IOSCO) are debating on this issue for many years, but only India had been able to come out with proper regulations.

What is Algorithmic trading?

Algorithmic trading in financial markets refers to transaction orders generated by using advanced mathematical models that involves automated execution of trade.  It uses mathematical models and software codes to make transaction decisions on exchanges and execute them at high speed. This technology-driven trading enables traders to take advantage of any profit making opportunities arising in the market much before a human trader can even spot them. At present, on the National Stock Exchange (NSE), algorithm trades accounts close to 16% of all trades. On the Bombay Stock Exchange (BSE), it was 8.56% in January 2017.

India’s first Integrated Heliport inaugurated at Rohini in New Delhi

India’s first integrated heliport was inaugurated today at Rohini in North Delhi. This heliport has been developed by Pawan Hans Limited.

It will play an important role in providing various helicopter services ranging from offshore transport, connecting remote & inaccessible Islands of Andaman & Nicobar and Lakshadweep besides promoting heli-tourism in India.

Key Facts
  • It is spread over more than 25 acres. It consists of a terminal building having a capacity of 150 passengers along with four hangars with the parking capacity of 16 helicopters and 9 parking bays.
  • It also has a maintenance, repair, and overhaul (MRO) facility for upkeeping of Pawan Hans’ helicopter fleet as well as for third-party maintenance work. It also has its own separate Air Traffic Control.
  • It will also be used for operating services for disaster management, emergency medical services, law and order surveillance as well as a centre for the skill development of pilots and engineers.
  • It will reduce congestion at the Delhi Airport, which currently handles about 40 to 50 helicopter arrivals and departures on an average per day besides the large-scale fixed-wing operations

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ZTE launches world’s first 5G IT baseband unit

Chinese smartphone manufacturer ZTE unveiled its new Gigabit Phone, a next generation 5G IT baseband unit (BBU) with Intel Corporation at Mobile World Congress (MWC) in Barcelona, Spain.

It is world’s first software defined networking/network function virtualisation (SDN/NFV) technology based 5G RAN solution.

Features of Gigabit Phone
  • Gigabit Phone boasts download speeds of up to 1Gbps. It is powered by the Qualcomm Snapdragon 835 mobile platform with an integrated Snapdragon X16 LTE modem.
  • It utilises a combination of carrier aggregation, 4×4 MIMO antenna technology, and 256-QAM modulation to achieve LTE download speeds that are up to 10 times faster than first-generation LTE devices .
  • It also uses ZTE’s independently developed Pre5G Giga+ MBB solution and smart devices, which makes it three times as powerful at improving data processing capability over the current network.
About ZTE

ZTE is a provider of advanced telecommunications systems, mobile devices, and enterprise technology solutions to consumers, companies, carriers and public sector customers. Its products and services are sold to over 500 operators in more than 160 countries.

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