Guidelines for Order-to-trade ratio (OTR) for Algorithmic Trading

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....dam, Subject: Guidelines for Order-to-trade ratio (OTR) for Algorithmic Trading SEBI vide circulars no. CIR/MRD/DP/09/2012 dated March 30, 2012, CIR/MRD/DP/16/2013 dated May 21, 2013 and SEBI/HO/MRD/DP/CIR/P/2018/62 dated April 09, 2018, had advised stock exchanges to put in place effective economic disincentives for high daily order-to-trade ratio (OTR) of algo orders placed by trading memb....