Standing Committee - Computerised Trading System

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Full Text of the Document

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....is is with reference to SEBI Circular No.SMD/POLICY/Cir-2/98 dated January 14, 1998 which, inter-alia, provides for setting up a Standing Committee to investigate the problems of computerised trading system, such as, hanging / slowdown / breakdown. 2. Pursuant to the observation made with regard to compliance on the issue during the inspection of stock exchanges conducted by SEBI and with a view ....

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Full Text of the Document

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....res taken. The Stock Exchange shall also issue a press release in this regard for greater transparency and in the interest of investors. 3. The Stock Exchanges are advised to ; 3.1. make necessary amendments to the relevant bye-laws, rules and regulations for the implementation of the above decision immediately. 3.2. bring the provisions of this circular to the notice of the member brokers/clea....