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A meeting chaired by SEBI Chairperson Madhabi Puri Buch, including representatives from market infrastructure institutions (MIIs), algo providers and stock brokers took place to discuss various issues around algorithmic trading.
On 9th December, the market regulator put out a discussion paper on regulating algorithms (algos) for retail investors after several algo-writers had pushed for clarity on their role, responsibilities and, more importantly, liability.
The Securities and Exchange Board of India (SEBI) has finally released a draft framework to regulate retail algo trading after pressure from the public, key whistleblowers and organisations such as Moneylife.