New Delhi, February 11 Sebi announced a new framework for infrastructure planning and real-time performance monitoring for exchanges and clearing corporations operating in the commodity derivatives segment on Wednesday. This framework mandates that critical IT systems maintain an installed capacity of at least twice the projected peak load.
The move aims to strengthen system resilience, ensure consistent response times during high-volume trading, and enhance oversight of technology infrastructure.
In its circular, Sebi stated that exchanges and clearing corporations in the commodity derivatives segment will be required to maintain an installed system capacity of at least twice (2x) the projected peak load.
Previously, commodity exchanges were required to maintain a trading system capacity of at least four times the peak load, as per the guidelines issued in 2016.
This latest move follows industry representations and consultations with Sebi's Technical Advisory Committee (TAC), and aims to strengthen the robustness, scalability, and oversight of critical IT infrastructure supporting commodity derivatives trading.
Furthermore, if the actual capacity utilization of any component exceeds 75% of the installed capacity, the exchange or clearing corporation is required to immediately take corrective action, such as system fine-tuning or capacity enhancement.
The framework for handling such situations must be clearly included in the institution's Capacity Planning and Real-Time Performance Monitoring Policy, and oversight will be provided by the Standing Committee on Technology (SCOT).
Sebi has requested stock exchanges and clearing corporations dealing in commodity derivatives to prepare and submit their revised Capacity Planning and Real-Time Performance Monitoring Policy to it within three months from the date of the circular, after obtaining approval from SCOT and their governing board.
The new framework will come into effect three months from its issuance.