9911796707
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 ..... oximity hosting (or by whatever name called) is offered by the stock exchanges 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 SE ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... t to accommodate all the stock brokers and data vendors who are desirous of availing 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 host ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... the exchange. 3.10. be able to identify orders emanating from the co-located servers 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 exchange ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... the notice of the stock brokers and also disseminate the same on its website. 5.3. communicate 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 o ..... X X X X Extracts X X X X X X X X Extracts X X X X
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