India Tightens Reins on Algorithmic Trading

India tightens its reins on algorithmic trading after spurt in usage of computer trading.

India tightens its reins on algorithmic trading after spurt in usage of computer trading.

India Times: Tightening the norms for algorithmic trading, market regulator Sebi today made it mandatory for the users to have their systems audited every six months and increased penalties on errant stock brokers.

Sebi first issued guidelines on algo trades in March 2012, after it witnessed a growing trend of usage of advanced technology for trading in financial instruments.

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