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Sebi puts in place software testing norms for commodities market

Posted on 14 December 2015

To prevent possible manipulation, Sebi has made it compulsory for commodity brokers and traders to get their trading systems as well as software tools tested in consultation with the exchanges. Sebi’s guidelines related to testing of software and trading systems are already applicable for stock exchanges and would now be applicable for commodity bourses.
Commodity markets have come under the regulatory ambit of Sebi following the merger of Forward Markets Commission (FMC) with the capital market watchdog in September. Since new software or changes to the existing software without proper testing may affect the integrity of the markets, the regulator said the guidelines are being made applicable to commodity markets also, Sebi said in a circular………………………………………..Full Article: Source


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