To reduce cases of mis-spelling, capital markets regulator Sebi issued guidelines for stock brokers that provide algorithmic trading services to investors.
The guidelines were issued in response to the Securities and Exchange Board of India’s (Sebi) observation that certain stock brokers provide algorithmic trading to investors via unregulated platforms.
Investors can use unregulated platforms to get algorithmic trading services or methods for automated trade execution. According to a circular issued by the Sebi, such services and strategies are being marketed with ‘claims’ of high returns on investment.
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