https://www.taxtmi.com/circulars?id=58254 Algorithmic trading systems must undergo a system audit every six months by specified certified auditors; identified deficiencies must be reported to exchanges and remediated immediately, failing which exchanges shall block software use and may impose penalties. Exchanges must enhance surveillance of algorithm-generated orders and double per-order penalty charges, and impose additional suspension of proprietary trading for repeat high order-to-trade ratio offenders. Exchanges must amend rules, implement systems, and notify members. en-us Tue, 21 May 2013 00:00:00 +0530 Fri, 14 Dec 2018 10:44:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=58254 Algorithmic trading systems must undergo a system audit every six months by specified certified auditors; identified deficiencies must be reported to exchanges and remediated immediately, failing which exchanges shall block software use and may impose penalties. Exchanges must enhance surveillance of algorithm-generated orders and double per-order penalty charges, and impose additional suspension of proprietary trading for repeat high order-to-trade ratio offenders. Exchanges must amend rules, implement systems, and notify members. Circulars SEBI Tue, 21 May 2013 00:00:00 +0530 https://www.taxtmi.com/circulars?id=58254