NSE warns of regulatory, tech and AI risks as IPO papers reveal reliance on derivatives business
The National Stock Exchange (NSE) has flagged a wide range of risks to its business from regulatory changes and technology failures to cyberattacks and artificial intelligence-related challenges in its draft IPO papers, while highlighting its heavy dependence on derivatives trading for revenue, PTI reported.The disclosures, made in the draft red herring prospectus (DRHP) filed with…