In a set of guidelines issued based on the recommendations of its technical advisory committee, capital market regulator SEBI has directed stock exchanges to implement a suitable mechanism to protect their systems from unauthorised access. The move is targetted at not only protecting the integrity and security of the data and trading systems of stock exchanges, but also the systems of stockbrokers, data vendors at co-locations or proximity hosting sites. Access to the stock exchange’s trading platform and databases in any form to the employees/ personnel of stockbrokers/ data vendors should not be allowed, SEBI said.

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