BSE's Ashishkumar Chauhan Likely to Be Next MD & CEO of NSE
News 18Ashishkumar Chauhan is likely to take charge as the managing director and CEO of leading exchange NSE, with capital markets regulator Sebi clearing his appointment, sources said on Sunday. Chauhan, who is one of the founders of NSE, faces the uphill battle of guiding the exchange at a time when it is facing regulatory probes pertaining to governance lapses as well as a scam related to its co-location facility. At BSE since 2009, Chauhan has helped it become the world’s fastest exchange with 6 microseconds response time, revived its revenues, introduced mobile stock trading to India, diversified into new areas including currency, commodities and equity derivatives, SMEs, start-ups, mutual fund and insurance distribution, spot markets and power trading. However, its plan to go public got derailed after the bourse got embroiled in the co-location controversy, where certain brokers were allegedly given unfair access to the exchange’s data feeds over other members.