You are here: Home » Reuters » News
Business Standard

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.)

RECOMMENDED FOR YOU

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

Upgrade To Premium Services

Welcome User

Business Standard is happy to inform you of the launch of "Business Standard Premium Services"

As a premium subscriber you get an across device unfettered access to a range of services which include:

  • Access Exclusive content - articles, features & opinion pieces
  • Weekly Industry/Genre specific newsletters - Choose multiple industries/genres
  • Access to 17 plus years of content archives
  • Set Stock price alerts for your portfolio and watch list and get them delivered to your e-mail box
  • End of day news alerts on 5 companies (via email)
  • NEW: Get seamless access to WSJ.com at a great price. No additional sign-up required.
 

Premium Services

In Partnership with

 

Dear Guest,

 

Welcome to the premium services of Business Standard brought to you courtesy FIS.
Kindly visit the Manage my subscription page to discover the benefits of this programme.

Enjoy Reading!
Team Business Standard