National Stock Exchange of India vide Circular dated March 12, 2024 has issued an Advisory for Review of existing Non-Neat Frontend (NNF) products. Members developing Non-NEAT Frontend (NNF) software / application i.e. CTCL / IBT / STWT / DMA / Algo etc. through In-house vendors or procured software from Empaneled vendors are required to test the software in Mock/Simulation environment of the Exchange as applicable and register the same with the Exchange prior to deployment in production environment.
Further members are required to ensure that their applications are rigorously tested on regular basis in Mock/Simulation environment of the Exchange. The Software applications may be subjected to updates/changes over a period, for which members should register the newer/latest versions of NNF application by submitting relevant request to the Exchange as per captioned circular.
