Co-location access rules require fair, equal-latency hosting, transparency, security safeguards and mandatory implementation timelines. Stock exchanges must offer co-location/proximity hosting in a fair, transparent and equitable manner, ensure similar latency for all users, provide sufficient and flexible rack space, decide requests within fifteen working days with written reasons for rejections, allow data feeds and order routing to other recognised exchanges, publish facility descriptions, fees and quarterly latency reports, identify and disseminate statistics on orders/trades from co-located servers, implement security and access controls preventing unauthorized access and prohibiting broker/vendor personnel access to exchange trading platforms and databases, and amend bye-laws and report implementation within three months.
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.
Stock exchanges must offer co-location/proximity hosting in a fair, transparent and equitable manner, ensure similar latency for all users, provide sufficient and flexible rack space, decide requests within fifteen working days with written reasons for rejections, allow data feeds and order routing to other recognised exchanges, publish facility descriptions, fees and quarterly latency reports, identify and disseminate statistics on orders/trades from co-located servers, implement security and access controls preventing unauthorized access and prohibiting broker/vendor personnel access to exchange trading platforms and databases, and amend bye-laws and report implementation within three months.
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