Framework to measure tech health of bourses on the cards

Mumbai: The market regulator on Wednesday proposed a framework to measure the technology resilience of market infrastructure institutions such as stock exchanges.

Sebi has proposed the creation of an IT Resilience Index (ITRI) to monitor the health of their IT systems.

The move comes amid growing reliance on technology for trading, clearing and settlement, making system stability critical to market integrity.


Sebi said the index would give managements and oversight committees a clearer view of vulnerabilities, while also enabling comparisons across institutions.

The ITRI will be computed using a standardised set of parameters with assigned weightages. Availability and security will carry the highest weight at 20% each, followed by integrity, governance, reliability and monitoring, business continuity, and modularity and flexibility at 10% each. Scalability and factors such as incident handling will have lower weights, the regulator said.