SEBI circular on algo trading and it's impact

softice

Can you please provide some clarity on SEBI's circular that is expected by March-end and it's implications on individual retail traders who use your API for trading in their personal account?

softice

@namit the circular is not out yet, the above links that moderator has pasted especially from moneycontrol talks about something coming in by March-end.

I really really hope that it doesn't impact individual retail traders who are using APIs to automate trading in their personal account.

Moderator_1

Hello @softice,

We are working internally on that. Rest assured, we will come up with guidelines and solutions and will always be compliant with all circulars from regulators and exchanges.

@namit the circular isn't out as of now but there is news out from multiple outlets
https://www.moneycontrol.com/news/business/markets/sebi-considering-two-models-to-regulate-api-based-algo-trading-sources-12240041.html

https://www.thehindubusinessline.com/markets/sebi-may-tighten-rules-for-algo-trading/article67810710.ece

Thank you.

Regards
SmartAPI Team

namit

@softice Can pls share the link of that circular so others can also read it.