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Bourses must allow co-location connectivity between exchanges - SEBI

Reuters  |  MUMBAI 

(Reuters) - India's capital markets regulator on Thursday said bourses must allow connectivity between co-servers of brokers housed in different exchanges.

Amending the rules governing co-facilities, or servers placed near exchanges to maximise trading speed, the Securities and Exchange Board of (SEBI) said bourses must 'ensure complete control and jurisdiction' over their co-facility.

They should also submit a quarterly compliance reporting regarding any outsourcing services, the market regulator said.

The exchanges must offer 'direct connectivity between servers of a stock broker placed in co-facility of a recognised stock exchange and servers of the same stock broker placed in co-facility of a different recognised stock exchanges,' said.

It added exchanges will also need to implement these changes within a month.

For statement: http://bit.ly/2gbnTBP

(Reporting by Rafael Nam; Editing by Vyas Mohan)

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

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Bourses must allow co-location connectivity between exchanges - SEBI

MUMBAI (Reuters) - India's capital markets regulator on Thursday said bourses must allow connectivity between co-location servers of brokers housed in different exchanges.

(Reuters) - India's capital markets regulator on Thursday said bourses must allow connectivity between co-servers of brokers housed in different exchanges.

Amending the rules governing co-facilities, or servers placed near exchanges to maximise trading speed, the Securities and Exchange Board of (SEBI) said bourses must 'ensure complete control and jurisdiction' over their co-facility.

They should also submit a quarterly compliance reporting regarding any outsourcing services, the market regulator said.

The exchanges must offer 'direct connectivity between servers of a stock broker placed in co-facility of a recognised stock exchange and servers of the same stock broker placed in co-facility of a different recognised stock exchanges,' said.

It added exchanges will also need to implement these changes within a month.

For statement: http://bit.ly/2gbnTBP

(Reporting by Rafael Nam; Editing by Vyas Mohan)

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

image
Business Standard
177 22

Bourses must allow co-location connectivity between exchanges - SEBI

(Reuters) - India's capital markets regulator on Thursday said bourses must allow connectivity between co-servers of brokers housed in different exchanges.

Amending the rules governing co-facilities, or servers placed near exchanges to maximise trading speed, the Securities and Exchange Board of (SEBI) said bourses must 'ensure complete control and jurisdiction' over their co-facility.

They should also submit a quarterly compliance reporting regarding any outsourcing services, the market regulator said.

The exchanges must offer 'direct connectivity between servers of a stock broker placed in co-facility of a recognised stock exchange and servers of the same stock broker placed in co-facility of a different recognised stock exchanges,' said.

It added exchanges will also need to implement these changes within a month.

For statement: http://bit.ly/2gbnTBP

(Reporting by Rafael Nam; Editing by Vyas Mohan)

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

image
Business Standard
177 22