We refer to the Exchange Notice No. 20140526-24 dated May 26, 2015 regarding Technology Programme for FY2015-16.
The Technology Programme for FY2016-17 will be applicable to all BSE trading segments with effect from 01st April 2016 as follows:
1) Technology facility vendors
Following are the Technology services vendors whose facilities will be provided to BSE members under Technology Programme. All the terms and conditions will be applicable as per attached annexures.
A. Hardware Services Vendor
The colocation facilities in BSE premises are provided and managed entirely by a third party datacenter service provider namely, NTT- Netmagic IT Services Pvt. Ltd (Hereafter, referred as ‘Netmagic’).
Netmagic will provide the servers, racks with remote secure access (Internet connectivity with firewall) & Solarflare cards to the members who apply for the colocation facility hosted in P.J. Towers, BSE. Please refer to Annexure 1 for the terms and conditions of the facilities.
B. Software Services Vendors
Following are the software vendors who provide the algo trading ids to the members under BSE Technology Programme FY2016-17.
1. Greeksoft Technologies Pvt. Ltd.
2. uTrade Solutions Pvt. Ltd.
3. Thomson Reuters – Omnesys Technologies Pvt. Ltd
4. Symphony Fintech Solutions Pvt. Ltd.(for Algo Test Lab on Amazon Web Services Cloud)
5. Resolute Softech
Please refer to Annexure 2 for the service details, terms & conditions for the algo software vendors’ facilities.
Please refer to the algo strategies manuals of the above vendors as enclosed with this notice for more details.
Terms and conditions for all the facilities under Technology Programme
1. While BSE has obtained service of various vendors for the purpose of Technology Programme, it does not guarantee software/hardware performance of any vendor’s solution or solicit any particular vendor under Technology Programme.
2. A member may choose any vendor from the list as above for hardware/software service as per its requirements/strategy and the Exchange shall not be responsible, in any manner, whatsoever to the member. Any trading related or other risks arising out of usage of the services of hardware/software vendor are the sole responsibility of the trading member.
3. If members want to deploy any hardware, software or any other facility not provided under Technology Programme then they may procure the required facilities on their own and deploy at the racks located at Netmagic colocation Data Centre on such terms and conditions as agreed between the concerned member and Netmagic or any other service provider.
4. BSE shall not be responsible for any service taken from Netmagic or any other service provider.
5. BSE reserves the right to decide the availability of the Technology Programme to the members under the various services at its sole discretion, which shall be final and binding.
6. BSE reserves the right to modify/withdraw/cancel the Technology Programme or a part thereof at any time without any notice.
7. A member shall be required to comply with the circular, direction, order or instructions issued by the Exchange from time to time for purpose of availing the facilities under the Technology Programme.
8. BSE reserves the right to include or exclude service providers and software vendors under the Technology Programme based on such parameters as it may deem fit and appropriate.
9. While the Exchange is availing the service of Netmagic for the purpose of providing the facilities under the Technology Programme to its members, it should not be construed that the co-location facility or any technical service is provided by BSE to the members. It may further be noted that the colocation facility available in BSE premises is entirely provided and managed by Netmagic, a third party datacenter service provider.
10. The members are required to ensure compliance with requirements of the laws/regulations/requirements prescribed by SEBI/the Exchange or any other relevant authority while availing the facility under the Technology Programme and maintain the integrity of the securities market.
11. The members need to login to BSE’s online facility in BEFS for the application of the services provided under the Technology Programme.
12. Please refer to the BEFS operational manual attached herewith to apply for the services. The web link for login into BEFS – Technology Programme service application facility is - https://befs.bseindia.com/Login.aspx13. Any difference/disputes arising out or in relation to the Technology Programme shall be governed by the Laws of India and shall be subject to the exclusive jurisdiction of the Civil Courts at Mumbai.
14. For any clarification on the subject matter of this notice, members are requested to contact their respective Relationship Manager or email to tech.prog@bseindia.com
For and on behalf of BSE Ltd,
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Vivek Garg
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Vaibhav Chawathe
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GM – Business Operations
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Dy. Manager – Business Operations
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