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The NSE should look into the observations made in “Happy Birthday NSE, What Next?” (Business Line , December 14) that high frequency trades (HFT) are pushing out other traders and investors. The suggestion that HFTs should be restricted only to derivatives may not be a solution. Due to algorithmic trading, conventional calculations in options are no longer reliable and other traders in indices and top 20 stocks are at a loss. If this problem can not be rectified, the NSE should consider banning algorithmic trading altogether.
S. Pandian
Erode
An AAP to learn
With reference to “Management Lessons from AAP’s Showing” ( Business Line , December 16), I would like to highlight a few more lessons. They include core values: The party promised to fight the poll on ethics and moral values. Communication and social media: It is to the credit of the ever accessible Arvind Kejriwal and his team that they used every communication tool to create a larger than life image. Brand image and christening: The very name Aam Aadmi Party, the Gandhi topi and the symbol of a broom vibe with the masses. Leadership: The party leadership consistently took up people-centric issues. Youth Power: Several of his MLAs are under 40. Many volunteers who campaigned also belong to a younger India. Thinking out of the box: They ensured all their candidates had some education and would be capable delivering the promises.
Col (Retd) A. E. Charles
Coimbatore
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