Coronavirus outbreak: Stock exchanges activate disaster recovery sites

Stock exchanges have activated their disaster recovery sites because of the disruption caused by the coronavirus pandemic.

The move is in line with the Securities and Exchange Board of India’s (Sebi’s) guidelines on business continuity plan (BCP) and disaster recovery (DR) for market infrastructure institutions (MIIs), which includes stock exchanges, clearing corporations and depositories. The objective is to ensure exchange’s preparedness in the event of a natural calamity, so that any disruptions should not affect market integrity and investor confidence.

According to a regulatory source, stock exchanges have put in place adequate mechanisms to ensure that operations are not hampered. The governments,