On Saturday 01 March 2008 03:46 pm, Sharninder wrote:
Read the first clause of the affidavit format. The requirement that SEBI's prior approval be sought before modifying any part of the terminal software is directly in conflict with terms of FOSS licenses like the GPL.
Ah well ! I don't blame SEBI for putting in that clause. In the wrong hands, a slight modification of the terminal software might prove to be costly to the investors and to SEBI.
Right. The crooks who do write their skripts are going to report their fun and games by filing daily, weekly and quarterly reports with sebi. And sebi IT staff are going to diss the code to check for vulnerabilites. WOW
There are a hundred ways to mess around if someone wanted to, without touching the code on the terminal.
Ditto with RBI and banks for clearing, bank securities trading etc.
The levels of both physical and data security in our finance sector are so abysmal that its a real miracle that we havent had some major frauds.