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of <h1>SEBI Updates Order-to-Trade Ratio Rules for Algorithmic Trading, Adds New Penalty Slabs for High OTRs.</h1> The Securities and Exchange Board of India (SEBI) has revised guidelines for the Order-to-Trade Ratio (OTR) in algorithmic trading for recognized stock exchanges, excluding commodity derivatives exchanges and those in International Financial Services Centres. The new framework allows exchanges to introduce additional penalty slabs for OTRs up to 2000 and beyond, with incremental penalties decided jointly by exchanges. If a trading member's OTR reaches 2000 or more three times within 30 days, they will be prohibited from placing orders for the first 15 minutes of the next trading day. Exchanges must amend their rules accordingly.
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