https://www.taxtmi.com/circulars?id=58393 Regulatory guidelines require exchanges and brokers to implement comprehensive risk controls, monitoring and reporting for algorithmic trading: exchanges must ensure system capacity, surveillance upgrades, economic disincentives for high order-to-trade ratios, routing through Indian broker servers, clock synchronization, and the ability to identify and disable dysfunctional algos; brokers must obtain exchange permission, pass conformance tests, implement price, quantity, order-value and cumulative open order value checks, automated execution safeguards, unique order tagging, maintain logs, safeguard algos, and undergo certified system audits. en-us Fri, 30 Mar 2012 00:00:00 +0530 Thu, 31 Jul 2025 11:44:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=58393 Regulatory guidelines require exchanges and brokers to implement comprehensive risk controls, monitoring and reporting for algorithmic trading: exchanges must ensure system capacity, surveillance upgrades, economic disincentives for high order-to-trade ratios, routing through Indian broker servers, clock synchronization, and the ability to identify and disable dysfunctional algos; brokers must obtain exchange permission, pass conformance tests, implement price, quantity, order-value and cumulative open order value checks, automated execution safeguards, unique order tagging, maintain logs, safeguard algos, and undergo certified system audits. Circulars SEBI Fri, 30 Mar 2012 00:00:00 +0530 https://www.taxtmi.com/circulars?id=58393