| BSE Technology Programme FY 2018-19 for Commodity Derivatives Segment |
BSE Technology Programme FY2018-19 for Commodity Derivatives Segment
We refer to the Exchange Notice No. 20180529-34 dated May 29, 2018 regarding Technology Programme for FY2018-19. In continuation of the same, Exchange is pleased to inform that the Technology Programme for FY2018-19 will be applicable to Commodity Derivatives segment also with effect from January 1, 2019.
The terms and conditions pertaining to BSE Technology Programme FY2018-19 for Commodity Derivatives segment are as follows:
- As per SEBI regulations, trading in Commodity Derivatives segment is not allowed from Colocation. Hence, Colocation facilities at BSE shall not be available to members.
- Only software facilities will be available to the members for trading in Commodity Derivatives segment.
- While BSE has obtained service of various vendors for the purpose of Technology Programme, it does not guarantee software performance of any vendor’s solution or solicit any particular vendor under Technology Programme.
- A member may choose any software vendor registered with BSE as either empaneled vendors or Independent Software Vendors 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 software vendor are the sole responsibility of the trading member.
- If members want to deploy any software or any other facility not provided under Technology Programme then they may procure the required facilities on their own on such terms and conditions as agreed between the concerned member and the service provider.
- BSE shall not be responsible for any service directly taken from any software service provider.
- 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.
- BSE reserves the right to modify/withdraw/cancel the Technology Programme or a part thereof at any time without any notice.
- 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.
- BSE reserves the right to include or exclude software service providers under the Technology Programme based on such parameters as it may deem fit and appropriate.
- 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.
- The members need to login to BSE’s online facility in BEFS for the application of the services provided under the Technology Programme.
- 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.aspx
- 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.
- 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
Various hardware and software facilities, Terms and Conditions for all other trading segments except Commodity Derivatives segment shall continue to be applicable as per Exchange Notice No. 20180529-34 dated May 29, 2018 for BSE Technology Programme FY2018-19.
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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Associate Manager – Business Operations
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