SEBI to take steps to make algo trading cheaper
Algo trading: SEBI's steps will include providing tick by tick data feed to all trading members free of charge and making services for co-location, or servers that are placed at the site of exchanges, more accessible, the SEBI said in a release after a board meeting. In India, algorithmic trading, like elsewhere around the world, is becoming a bigger part of daily trading, prompting regulators to question whether investors with no access to the rapid form of trading are at a disadvantage
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The SEBI also tightened the penalty rules by narrowing the range of algo orders to 0.75 percent of the last traded price compared to one percent earlier. Image source: Reuters