Testing of software used in or related to Trading and Risk Management

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....13 dated August 19, 2013 on 'Testing of software used in or related to Trading and Risk Management'. Subsequently, SEBI has received various suggestions with regard to the requirement of software testing prescribed through the aforementioned circular. 2. After due examination of the suggestions in consultation with the Technical Advisory Committee, it has been decided to partially revise the re....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....tes to stock broker's trading software that intend to modify the 'look and feel' and do not affect the risk management system of the stock broker or the connectivity of the trading software with stock exchange's trading system, it is clarified that mock testing and consequent system audit may not be insisted upon by the stock exchanges. 2.4. Stock exchanges shall direct their st....