Sebi is going to repair ‘glitches’ in online trading platform rules

Mumbai: The Securities and Exchange Board of India (Sebi) has proposed changes in the context for technical problems in the online trading systems of stock agents.

It suggested changing the definition of technical glitch to exclude problems that occur after trading hours and that are not under the control of stock agents.

Any malfunction in the electronic system of a stock agent is now called technical glitch.

The supervisor said that the proposed framework would be made applicable to stock agents who offer internet -based trading platforms and have more than 10,000 customers from the previous financial year from 31 March. As a result, no fewer than 457 small stock brokers would go out of this framework, Sebi said on Monday in a discussion document.

“This will result in convenience of compliance for such stock agents who consider their low customer base and relatively less of technological dominance in their trade services,” said it.

Sebi said that a financial discouraging structure would not apply to the technical problems that have no influence on the broker’s ability to offer seamless services to their customers; For example, a technical malfunction that has a small impact on the activities of the stock brokers. It suggested that shares are rationalizing the current structure of the financial discouraging structure and spreading information on their websites on cases of technical glitches of technical glitches that are in the trading system in the number of investors an additional investors of trade on trade in the field of trade in the field of the context of the context of the area of ​​the area of ​​the area of ​​the area of ​​the area of ​​the area of ​​the area of ​​the area of ​​the area of ​​the area of ​​the area of ​​the area of ​​the area of ​​the area of ​​the area of ​​the area of ​​the area of ​​the area of ​​the area of ​​the area of ​​the area of ​​the area of ​​the area of ​​the area of ​​the area area area of ​​the area area area area of ​​continuence. From services to their customers, Sebi said.

Brokers must do capacity planning for the entire trade infrastructure and the peak load in their trading applications, servers and network architecture, said it.