Sebi’s steps will include providing tick by tick data feed to all trading members free of charge and making services for co-location, or servers that are placed at the site of exchanges, more accessible. Mumbai The Securities and Exchange Board of India (SEBI) said on Wednesday it will take steps to make algorithmic trading cheaper for investors, even as it called for stricter monitoring of such trades amid concern about fair access to markets. The steps will include providing tick by tick data feed to all trading members free of charge and making services for co-location, or servers that are placed at the site of exchanges, more accessible, the Sebi said in a release after a board meeting. In India, algorithmic trading, like elsewhere around the world, is becoming a bigger part of daily trading, prompting regulators to question whether investors with no access to the rapid form of trading are at a disadvantage. The Sebi also tightened the penalty rules by narrowing the range of algo orders to 0.75% of the last traded price compared to one percent earlier.

Source: Mint March 28, 2018 12:00 UTC