https://www.taxtmi.com/circulars?id=58587 Permits Smart Order Routing subject to conditions: brokers must apply to exchanges, obtain third party system audits, maintain logs and audit trails, enter specific client agreements describing features and opt out instructions, validate risk parameters, ensure neutral routing and best execution, and provide alternate trading modes on failure. Exchanges must decide applications within thirty days, publish approved auditors, assign unique identifiers, maintain Smart Order Routing data, implement surveillance and grievance mechanisms, synchronise clocks with an atomic clock, time stamp market data feeds within three months if required, and ensure broker routing servers are located in India. en-us Fri, 27 Aug 2010 00:00:00 +0530 Sat, 22 Dec 2018 11:58:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=58587 Permits Smart Order Routing subject to conditions: brokers must apply to exchanges, obtain third party system audits, maintain logs and audit trails, enter specific client agreements describing features and opt out instructions, validate risk parameters, ensure neutral routing and best execution, and provide alternate trading modes on failure. Exchanges must decide applications within thirty days, publish approved auditors, assign unique identifiers, maintain Smart Order Routing data, implement surveillance and grievance mechanisms, synchronise clocks with an atomic clock, time stamp market data feeds within three months if required, and ensure broker routing servers are located in India. Circulars SEBI Fri, 27 Aug 2010 00:00:00 +0530 https://www.taxtmi.com/circulars?id=58587