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TMI BlogCo-location / proximity hosting facility offered by stock exchangesX X X X Extracts X X X X X X X X Extracts X X X X ..... changes to stock brokers and data vendors whereby their trading or data-vending systems are allowed to be located within or at close proximity to the premises of the stock exchanges, and are allowed to connect to the trading platform of stock exchanges through direct and private network. 2. Based on the recommendations of SEBI's Technical Advisory Committee (TAC), it has been decided that stock e ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... iling the facility. 3.5. provide the flexibility to avail rack space in the co-location / proximity hosting so as to meet the needs of all stock brokers desirous of availing such facility. 3.6. expeditiously decide on the request of the desirous stock brokers /data vendors for availing co-location / proximity hosting and communicate the decision within fifteen working days from the receipt of ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ers of stock brokers and the resultant trades. Suitable statistics relating to such orders and trades shall be disseminated by the stock exchanges 4. In order to ensure that the facility of co-location / proximity hosting does not compromise integrity and security of the data and trading systems, stock exchanges shall: 4.1. implement suitable mechanism to protect their systems and systems of st ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... te to SEBI the status of implementation of the provisions of this circular. 6. This circular is being issued in exercise of powers conferred under Section 11 (1) of the Securities and Exchange Board of India Act, 1992 to protect the interests of investors in securities and to promote the development of, and to regulate the securities market. Yours faithfully, Maninder Cheema Deputy General Man ..... X X X X Extracts X X X X X X X X Extracts X X X X
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