Co-location connectivity allowed between exchanges and brokers; outsourced colocation remains exchange's responsibility with fair access. SEBI mandates direct connectivity between colocation facilities of recognised stock exchanges and between a broker's servers across such facilities, to be offered fairly to colocated brokers. Colocation services outsourced to third parties are deemed provided by the stock exchange, which retains control and accountability and must submit quarterly compliance reports after board consideration. LAN-based access by brokers or data vendors falls within the definition of colocation, and all provisions of the earlier colocation circular apply, excluding commodity derivatives exchanges.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Co-location connectivity allowed between exchanges and brokers; outsourced colocation remains exchange's responsibility with fair access.
SEBI mandates direct connectivity between colocation facilities of recognised stock exchanges and between a broker's servers across such facilities, to be offered fairly to colocated brokers. Colocation services outsourced to third parties are deemed provided by the stock exchange, which retains control and accountability and must submit quarterly compliance reports after board consideration. LAN-based access by brokers or data vendors falls within the definition of colocation, and all provisions of the earlier colocation circular apply, excluding commodity derivatives exchanges.
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