INDIA INX

INDIA INX
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Technology

The connectivity between INX Trading system and the members’ servers at Colocation is of 10Gbps fibre optic link for low latency trading experience from Colocation.
Multicast
Access may be required. However, we will intimate you about the type of access required.
No. However, we can suggest the vendor/OEM.
We do provide racks in INX colocation.
Yes, INX will provide racks as per requirement and adjacent racks (subject to availability).
Yes
Support is available 24/7.
India INX has all the capabilities to install and commission the equipment inside the Datacenter.
India International Exchange IFSC Limited,
101 First Floor, Hiranandani Signature Tower,
GIFT City IFSC – 382355, Gujarat, India
Yes, however we need an advance notice so that necessary support can be facilitated. Manpower is available in the business hours or extended hours if required. Yes
The following carriers have installed their Mux.
  • Bharti Airtel
  • Tata Communications
Yes. We provide 3KVA power per rack as a standard offering. The power can be upgraded as and when required in the multiples of 1 KVA. However, feasibility needs to be checked for high density racks. We provide required cable. Power cables are routed below the false floor and communication cables are routed through overhead cable trays.
Mobile Phone is not permitted inside datacentre. Landline voice connectivity is available on request.

Yes, member needs to setup their registered office in GIFT IFSC
  • Algo application form
  • Annexure A (Auditor’s Report on Testing)
  • Annexure B (Algorithmic Trading Pre-approval System Audit Checklist)
  • Annexure C ( Algo and Software undertaking)

Along with the above documents we also require
  • Board resolution copy
  • Auditors certificate
Member needs to send soft copies of completed documents to colocation.ops@indiainx.com along with Original Hard copies to INDIAINX registered address mentioned below.

India International Exchange IFSC Limited,
101 First Floor, Hiranandani Signature Tower,
GIFT City IFSC – 382355, Gujarat, India
Member should mentioned registered office which is in Gift SEZ City, Gujarat - India
Member should mentioned registered office which is in Gift SEZ City, Gujarat - India
Location of AT Servers should be as mentioned below: -

India International Exchange IFSC Limited,
101 First Floor, Hiranandani Signature Tower,
GIFT City IFSC – 382355, Gujarat, India
Algo and Software undertaking should be executed on Stamp paper
Stamp paper should be executed in Gujarat, India only. Any other location will be considered invalid.
Member should deposit $ 75,000.00 (approx. Rs.50 Lacs INR) with the exchange.
Once all the documents are in place and only after satisfactory review by exchange a letter will be issued by the exchange notifying the member about ALGO approval by email and hard copy with be sent to their registered address mentioned in the application form.

All Domestic and Foreign Independent Software Vendors (ISVs) providing trading solutions can apply for ISV registration.
Vendors needs to fill the ISV registration forms and send the required documents to exchange. On receipt of the duly completed documents and the applicable fees Exchange may go for the demo of the ISV’s application before providing the approval.
  • ISV Application (Annexure I &II)
  • Copy of PAN & TAN (in case of Indian entity)
  • Copy of AOA & MOA /Partnership Deed (in case of Corporate / Partnership entity).
  • Organizational Structure
  • List of Directors/Partners
  • Latest Share Holding Pattern
  • Details of promoters and their background
  • Complete details of infrastructure available with the organization
  • Write-up of the RMS supported by the Trading Application
  • User Manual
  • Network Diagram
  • Cancelled Cheque
  • Product Name & Version no
Yes, ISV need to seal, sign and provide all the documents on company letterhead.
ISV’s need to send scanned copies of completed documents to isv.registration@indiainx.com and Original Hard copies to INDIAINX registered office address as mentioned below.

India International Exchange IFSC Limited,
101 First Floor, Hiranandani Signature Tower,
GIFT City IFSC – 382355, Gujarat, India
Only after satisfactory review by exchange a scan copy of approval letter will be sent on member’s email id as provided in application form and hard copy of the approval letter will be sent to member via courier.

It is the ratio between the orders placed and the trades executed during a day.
For the purpose of calculation of Daily Order-to-Trade ratio all algo orders, i.e., order entry, order modifications and order cancellations will be considered.
If the orders entered and/ or modified are within ±0.75% of the last traded price (LTP) of the respective contract, such algo orders will not be included in the calculation of the aforesaid Order-to-Trade ratio.
Yes, orders placed under the liquidity enhancement schemes are also considered for OTR.
An OTR report will be available in member extranet on daily basis. For the file format related clarification kindly refer back office files and file formats under https://www.indiainx.com/nta.aspx.
The nomenclature of OTR report is INX_OTR_yyyymmdd_00.txt
The Charges levied for High order to trade ratio are as follows
Daily Order to Trade Ratio (on incremental basis) Charges (per algo orders)
Less than 50 Nil
50 to 150 2 cents per 100 orders
151 to 250 2 cents per 100 orders
251 to 375 4 cents per 125 orders
376 to 500 4 cents per 125 orders
More than 500 10 cents per 500 orders

The said charges shall be computed at member level on a daily basis and shall be collected on a monthly basis.
In case the ratio is 500 or more than 500 during a trading day, the concerned member shall not be permitted to place any orders for the first 15 minutes on the next trading day as a cooling off action. During this cooling off period of 15 minutes, member will be permitted to enter orders in risk reduction mode.

In order to discourage repetitive instances of high daily order-to-trade ratio, there will be an additional penalty in form of suspension of proprietary trading right of the trading member for the first trading hour on the next trading day in case a trading member is penalized for maintaining high daily order to trade ratio, provided penalty was imposed on the trading member on more than ten occasions in the previous thirty trading days (on rolling basis).