ED seeks info from NSE on i sec services

The Enforcement Directorate has sought an explanation from the National Stock Exchange as to why it gave the contract for its systems auditing to little known i sec services which has limited expertise.It also wants to know the terms of the contract and whether the nse knew the firm had also audited the servers of some brokerages that allegedly gained from the co location facility ,which gave them preferntial access to the exchange trading platform.The move comes after the federal agency stumbled upon transcripts of phone calls during its ongoing money laundering probe stemming from the co locattion case.The agency is examining some new findings and may register a fresh case under the prevention of money laundering act ,the official added.