The proposal - put forward by persons representing large offshore funds and custodians at a recent meeting with officials of the Securities and Exchange Board of India (SEBI) and the finance ministry - implies that buy or sell orders would flow directly from an FPI server to the exchange instead of being routed through a broker's co-location server.
The proposal - put forward by persons representing large offshore funds and custodians at a recent meeting with officials of the Securities and Exchange Board of India (SEBI) and the finance ministry - implies that buy or sell orders would flow directly from an FPI server to the exchange instead of being routed through a broker's co-location server.
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