Revised Guidelines for Capacity Planning and Real Time Performance Monitoring framework of Market Infrastructure Institutions(MIIs)
Summary
This circular issues revised guidelines for capacity planning and real-time performance monitoring frameworks for Market Infrastructure Institutions (MIIs). It mandates specific methodologies, stress testing protocols, and automated alert systems to ensure system stability. The provisions apply to Stock Exchanges, Clearing Corporations, and Depositories with immediate or short-term effect.
Text
Capacity planning methodology should be proactive, future ready and developed to help estimate/forecast future projected capacity requirements... Details of the methodology adopted by MIIs shall be submitted to SEBI within 3 months from the date of the issue of this Circular after taking approval of their Standing Committee on Technology (SCOT) and Governing Board.
All MIIs should ensure adequate system capacity in place to handle high volumes to ensure high level of service availability.
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 sustained peak load trend of the past 180 days... However, the outer limit for sustained peak load shall be 10 seconds for Stock Exchanges and Clearing Corporations and 5 minutes for Depositories.
MIIs shall conduct comprehensive stress testing on quarterly basis to identify the impact on throughput/performance/latency metrics when compared to lean period by stressing the existing load scenarios to various multiples.
MIIs shall ensure that application design should have horizontal and vertical scalability and the same shall be tested on periodic basis.
MIIs shall have guidelines/Standing Operating Procedures (SOPs) to identify and understand the performance of each application/process, capacity, utilization of each individual IT component...
While devising the capacity planning and real time performance monitoring methodology, MIIs should not consider each IT component/application/process in isolation and must consider inter-dependency of the IT components/applications/processes.
All IT systems shall be considered in this process which shall, inter-alia, include network, hardware, software, security devices... and shall be adequately sized to meet the capacity and real time performance requirements...
All MIIs shall implement automated performance monitoring and alert system covering all their critical applications/activities/IT components to continuously monitor the real time performance... against a set of pre-defined thresholds.
Alerts generated from the monitoring and detection systems shall be dealt proactively including necessary actions such as infrastructure up-gradation, addition of IT resources etc. shall be taken immediately to address the issue effectively.
All MIIs shall maintain an asset register of all IT components and monitor their usage on a continuous basis... The threshold must be reviewed and approved by SCOT of the MII.
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Source: SecMarx — Revised Guidelines for Capacity Planning and Real Time Performance Monitoring framework of Market Infrastructure Institutions(MIIs). Verbatim text is public record; SecMarx structuring (linkage to applying orders) is cited to us.