The National Stock Exchange (NSE) on April 20, 2023, issued a notification regarding the Usage of NSE Data only for Trading Purposes
This has a reference to circular no. NSE/MEM/26958 dated June 19, 2014, on “Illegal data dissemination of NSE’s market data” wherein Trading Members were advised to use only the authorized sources of data and technical software received from the Exchange or any authorized vendors for their internal usage only and not for redistribution.
The following has been stated namely: -
• It has been noticed that some market participants are using the Exchange data for gaming and virtual trading purposes which goes against the principles of fair and transparent trading.
• It states that all the Trading Members are advised that the use of NSE data is only for legitimate trading purposes by their clients and not for the purpose of gaming and virtual trading.
• It is further advised to take note of the above and ensure strict adherence to the compliance requirements.
[Circular No. NSE/COMP/56426]
