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Consider the following statements.
  1. Co-location is a data centre facility where third parties can lease space for servers and other computer hardware.
  2. National Stock Exchange introduced co-location facilities and offered traders/brokers the ability to place their servers within NSE’s data centre.
  3. Securities Appellate Tribunal is a statutory and autonomous body created under the provisions of SEBI Act, 1992 and whose jurisdiction extends to companies situated across India.
Which of the above statements is/are correct?
  • a)
    1, 2 
  • b)
    1, 3 
  • c)
    2, 3 
  • d)
    1, 2, 3
Correct answer is option 'D'. Can you explain this answer?
Most Upvoted Answer
Consider the following statements. Co-location is a data centre facili...
Understanding Co-location in Data Centres
Co-location refers to a data centre facility where various third parties can lease space to house their servers and other computer hardware. This setup allows businesses to benefit from shared infrastructure, security, and connectivity while maintaining their own server operations.
National Stock Exchange and Co-location Facilities
The National Stock Exchange (NSE) has indeed introduced co-location facilities. This initiative allows traders and brokers to place their servers within NSE's data centre. By doing so, they can achieve lower latency and faster transaction speeds, which are crucial in high-frequency trading environments. This move enhances the efficiency of trading operations and is a significant development in the financial market infrastructure.
Securities Appellate Tribunal (SAT)
The Securities Appellate Tribunal is a statutory and autonomous body established under the provisions of the Securities and Exchange Board of India (SEBI) Act, 1992. SAT has the jurisdiction to handle appeals against orders passed by SEBI, and its jurisdiction extends to companies situated across India. This tribunal plays a vital role in maintaining the integrity of the securities market in India by providing a platform for dispute resolution.
Conclusion
All three statements are correct:
- Statement 1 describes the essence of co-location.
- Statement 2 highlights the NSE's introduction of co-location facilities for traders.
- Statement 3 accurately details the role and jurisdiction of the Securities Appellate Tribunal.
Thus, the correct answer is option 'D', which includes all three statements.
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Consider the following statements. Co-location is a data centre facility where third parties can lease space for servers and other computer hardware. National Stock Exchange introduced co-location facilities and offered traders/brokers the ability to place their servers within NSE’s data centre. Securities Appellate Tribunal is a statutory and autonomous body created under the provisions of SEBI Act, 1992 and whose jurisdiction extends to companies situated across India.Which of the above statements is/are correct?a)1, 2b)1, 3c)2, 3d)1, 2, 3Correct answer is option 'D'. Can you explain this answer?
Question Description
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