Who Really Runs the Market

Pull back the curtain on the machinery behind the tape. FIIs and DIIs, proprietary desks, market makers, co-location and the exchange plumbing — who the real participants are, how they move price, and what that means for a retail trader watching from the outside.

What's inside

• ✓FIIs, DIIs and how their flows move the index
• ✓Proprietary desks and market makers
• ✓Co-location, latency and the speed game
• ✓The exchange plumbing most traders never see
• ✓What it all means for the retail participant