World
Anonymous hacktivists announce plan to 'mock' IS
Hacking group Anonymous has vowed to take out social media accounts supporting the Islamic State militant group during a planned day of rage.
 
According to the online Daily Mail, the group was planning to post photographs of dead IS terrorists while bombarding their twitter feeds with pictures of goats.
 
The anarchist collective said it wants to devote December 11 to an anti-IS day of rage. 
 
The IS thrives off fear and hopes that by its actions it can silence all of us and get us to just lay low and hide in fear, the collective said.
 
"We will show them that we are not afraid, we will not just hide in our fear, we are the majority and with our strength in numbers we can make a real difference. We will mock them for the idiots they are...."
 
One group of activists has decided to post memes of terrorists with goats suggesting that many of them have an unnatural physical interest in the cloven-footed animals.
 
This follows an earlier attempt by activists to ridicule IS by posting photographs of terrorists online with rubber ducks.
 
Disclaimer: Information, facts or opinions expressed in this news article are presented as sourced from IANS and do not reflect views of Moneylife and hence Moneylife is not responsible or liable for the same. As a source and news provider, IANS is responsible for accuracy, completeness, suitability and validity of any information in this article.

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RBI in information exchange deal with British financial supervisors
The Reserve Bank of India on Wednesday said it has signed an agreement with Britain's Prudential Regulation Authority and Financial Conduct Authority for supervisory cooperation and exchange of information.
 
"The Reserve Bank signed separate Memoranda of Understanding (MoUs) on Supervisory Cooperation and Exchange of Supervisory Information with Prudential Regulation Authority (PRA) and Financial Conduct Authority (FCA), United Kingdom," RBI said in a statement here.
 
RBI had inked an MoU for supervisory co-operation with Britain's Financial Services Authority in July, 2012.
 
The functions of the FSA were subsequently transferred to PRA, FCA and the Bank of England, RBI said.
 
The transfer of functions from FSA to PRA and FCA necessitated signing of separate MoUs for supervisory co-operation between the Reserve Bank and the PRA and FCA, it added.
 
"With this, the Reserve Bank has entered into Memorandum of Understanding/Letter for Supervisory Co-operation and Statement of Co-operation with supervisors of 33 countries to promote greater co-operation and share supervisory information," RBI said.
 
Disclaimer: Information, facts or opinions expressed in this news article are presented as sourced from IANS and do not reflect views of Moneylife and hence Moneylife is not responsible or liable for the same. As a source and news provider, IANS is responsible for accuracy, completeness, suitability and validity of any information in this article.
 
 

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SEBI was deeply perturbed about regulatory flaws exposed by Whistleblower's letter, reveals RTI
After receiving a letter from a Whistleblower in January, SEBI felt it was time to urgently have a "basic regulatory framework" for co-location services
 
Market regulator Securities and Exchange Board of India (SEBI), after receiving a letter dated 14 January 2015 from a Whistleblower alleging dubious practices followed for co-location services by a stock exchange, felt that there was a need to 'urgently have a basic regulatory framework for co-location services', reveals a reply received under the Right to Information (RTI) Act.
 
According to the reply received from the market regulator, a note dated 26 February 2015 from its Market Regulation Department- Division of Policy shows that there were no specific regulatory requirements prescribed by SEBI on co-location facility. It says, "...at present, there are no specific regulatory requirements prescribed by SEBI that stock exchanges are required to adhered to while providing co-location facility to the stock brokers."
 
"In view of the allegations made in the letter of xxx (name withheld by SEBI), it is felt that there is an urgent need to have a framework for regulating the activity of co-location. While the proposal related to two-queue architecture may be further debated, the requirement to ensure 'Fair and equitable access to the co-location facility' and 'integrity and security of the data and trading systems' may be issued," the note says. 
 
It may be recalled that Sucheta Dalal, Managing Editor of Moneylife also received a copy of the letter from the Whistleblower at the same time. After waiting for almost four months and doing thorough research, she sent the letter to SEBI seeking information on action taken by the market regulator, if any. There was no response from SEBI.
 
According to the reply received under the RTI, in a note on 3 March 2013, SEBI has stated that Indian exchanges, either on their own or through third parties were offering the facility of colocation. Here is what SEBI stated in the note prepared by its Market Regulation Department- Division of Policy…
 
i. “NSE: Vide circular dated August 21, 2009, NSE has allowed informed that it will provide co-location facility to its members for their DMA and ALGO IT infrastructure at its premises.
ii. BSE: Co-location facility is being offered by the stock exchange through a third party IT Service Provider (Netmagic Solutions Pvt. Ltd.)
iii. MCX-SX: Vide circulars dated December 23, 2011 and December 07, 2012, MCX-SX has allowed its member to use co-location/ proximity hosting.”
 
As per MarketBeat blog on Wall Street Journal , while a "multitude of data is being transferred from exchange to exchange and then onto a trader’s computer, high-frequency and other traders can access prices a split second faster through direct feeds. This practice is known as collocation, and it’s employed by nearly every exchange in the US. For a fee, trading firms are allowed to place their trading computers in the same data centres that house an exchange’s computer servers. With sophisticated models built into these trading computers and little oversight on the exchange itself, the computers are almost guaranteed to be the first on any order should they choose to act on."
 
Here is the reply received from SEBI under the RTI Act...
 

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COMMENTS

nilesh prabhu

1 year ago

money life voice is heard

Vivek

1 year ago

Sebi is not going to do anything as it was controlled by big manipulators. But still suchetaji is fighting with these big manipulators. Much appreciated suchetaji.....

Vivek

1 year ago

Sebi is not going to do anything as it was controlled by big manipulators. But still suchetaji is fighting with these big manipulators. Much appreciated suchetaji.....

Pushpesh Kumar Sharma

1 year ago

great story.
true to its logo, 'know what's coming' moneylife is going strong
pushpesh kumar
bathinda

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