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Bourses must allow co-location connectivity between exchanges: SEBI

 India's capital markets regulator on Thursday said bourses must allow connectivity between co-location servers.

Published: 01st December 2016 07:33 PM  |   Last Updated: 01st December 2016 07:33 PM   |  A+A-

SEBI2PTI

For representational purpose | PTI

By Reuters

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

Amending the rules governing co-location facilities, or servers placed near exchanges to maximise trading speed, the Securities and Exchange Board of India (SEBI) said bourses must 'ensure complete control and jurisdiction' over their co-location 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-location facility of a recognised stock exchange and servers of the same stock broker placed in co-location facility of different recognised stock exchanges,' SEBI said.

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



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