Sam Bankman-Fried sentenced to 25 years in jail over FTX collapse

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what is DMA (Direct Market Access)in the Indian share market?

What is DMA?

DMA, or Direct Market Access, is a service offered by stockbrokers that allows traders to place orders directly on the stock exchange’s order book. It eliminates the need for intermediaries, such as market makers or brokers, and provides traders with direct access to the market. This means that orders are executed faster and at potentially better prices.

How Does DMA Work in the Indian Share Market?

In the Indian share market, DMA is facilitated through the use of technology and trading platforms provided by stockbrokers. Traders can access the market through these platforms, which connect them directly to the stock exchange.

Benefits of DMA in the Indian Share Market

1. Speed and Efficiency: DMA enables faster order execution as orders are placed directly on the exchange’s order book. This can be particularly advantageous in volatile market conditions where every second counts.

Conclusion

DMA, or Direct Market Access, is a powerful tool that allows traders to directly access the stock exchange’s order book. In the Indian share market, DMA offers numerous benefits, including speed, transparency, control, lower costs, and access to real-time market data. By utilizing DMA, traders can enhance their trading experience and potentially improve their trading outcomes.

NEW DELHI: Crypto entrepreneur Sam Bankman-Fried has been sentenced to 25 years in jail for a serious fraud case linked to the collapse of FTX, a outstanding platform for digital forex alternate. The sentencing occurred in a Manhattan courtroom, the place Bankman-Fried confronted costs of fraud and conspiracy, marking a stark downfall from his earlier success highlighted by a Tremendous Bowl advert and endorsements from celebrities like Tom Brady, Stephen Curry, and Larry David.US District Choose Lewis A. Kaplan handed down the sentence, emphasizing issues about Bankman-Fried’s potential to interact in additional wrongful actions sooner or later. The choose ordered Bankman-Fried to forfeit over $11 billion and beneficial he be positioned in a medium-security jail within the San Francisco space resulting from security issues associated to his autism and social vulnerabilities.Prosecutors had sought a harsher sentence of 40 to 50 years, citing Bankman-Fried’s in depth monetary crimes that impacted quite a few people and entities worldwide, leading to losses exceeding $10 billion. These crimes included misappropriation of funds, deception of traders, falsification of paperwork, unlawful political contributions, and bribery of overseas officers.Kaplan stated the sentence mirrored “that there is a risk that this man will be in position to do something very bad in the future. And it’s not a trivial risk at all”.He added that it was “for the purpose of disabling him to the extent that can appropriately be done for a significant period of time”.Protection legal professional Marc Mukasey defended Bankman-Fried, portraying him as an individual pushed by analytical decision-making quite than malicious intent. Regardless of pleas for leniency from supporters, together with claims of fund restoration for FTX traders, the court docket maintained a agency stance on the severity of the crimes dedicated.Bankman-Fried’s rise to prominence stemmed from his position because the co-founder and CEO of FTX, a serious participant within the cryptocurrency alternate sphere. Nevertheless, the downturn in cryptocurrency values in 2022 led to monetary challenges for FTX, exacerbated by losses in Alameda Analysis, a hedge fund linked to the corporate. Makes an attempt to cowl these losses utilizing buyer funds in the end contributed to the downfall of FTX.

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