Review of the capacity planning framework of stock exchanges and clearing corporations
Summary
SEBI mandates stock exchanges and clearing corporations to revise their capacity planning frameworks for trading, clearing, and settlement infrastructure. The new standard requires installed capacity to be at least 1.5 times the projected peak load calculated over a 60-day horizon based on past trends. Entities must implement real-time monitoring mechanisms and complete necessary regulatory amendments within three months of the circular's issuance.
Text
The installed capacity shall be at least 1.5 times (1.5x) of the projected peak load.
The projected peak load shall be calculated for the next 60 days based on the per-second peak load trend of the past 180 days.
All systems in trading, clearing and settlement ecosystem shall be considered in this process including all technical components such as network, hardware, software, etc., and shall be adequately sized to meet the capacity requirements.
In case the actual capacity utilisation exceeds 75% of the installed capacity, immediate action shall be taken to enhance the capacity.
Stock exchanges and clearing corporations shall implement suitable mechanisms, including generation of appropriate alerts, to monitor capacity utilisation on a real-time basis and shall proactively address issues pertaining to their capacity needs.
take necessary steps and put in place necessary systems for implementation of the circular, including necessary amendments to the relevant bye-laws, rules and regulations, within three months from the date of this circular.
bring the provisions of this circular to the notice of the stock brokers and also disseminate the same on its website;
communicate to SEBI the status of implementation of the provisions of this circular.
This circular is being issued in exercise of powers conferred under Section 11 (1) of the Securities and Exchange Board of India Act, 1992 to protect the interests of investors in securities and to promote the development of, and to regulate the securities market.
Source: SecMarx — Review of the capacity planning framework of stock exchanges and clearing corporations. Verbatim text is public record; SecMarx structuring (linkage to applying orders) is cited to us.