SEBI said stock exchanges will have to provide all market participants availing co-location facility fair and equal access to their facilities and data feeds
The Securities and Exchange Board of India has directed stock exchanges to provide the co-location facility in a fair and transparent manner.
The regulator said stock exchanges will have to provide all market participants availing co-location facility fair and equal access to their facilities and data feeds.
Besides, they have to ensure that the size of the co-located or proximity hosting space is sufficient to accommodate all the stock brokers and data vendors who are desirous of availing the facility.
"provide the flexibility to avail rack space in the co-location or proximity hosting so as to meet the needs of all stock brokers desirous of availing such facility," SEBI said in a circular on Tuesday.
Exchanges have been asked to put in place systems to implement these guidelines within three months.
The regulator said stock exchanges will have to provide all market participants availing co-location facility fair and equal access to their facilities and data feeds.
Besides, they have to ensure that the size of the co-located or proximity hosting space is sufficient to accommodate all the stock brokers and data vendors who are desirous of availing the facility.
"provide the flexibility to avail rack space in the co-location or proximity hosting so as to meet the needs of all stock brokers desirous of availing such facility," SEBI said in a circular on Tuesday.
Exchanges have been asked to put in place systems to implement these guidelines within three months.
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