MC Exclusive | API norms may deliver a deathblow to unregulated algos, some illegal PMS-es
Insiders tell Moneycontrol how the norms are taking shape and what the regulator is aiming for
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Insiders tell Moneycontrol how the norms are taking shape and what the regulator is aiming for
Insiders reveal what the regulator is targeting and how the norms are taking shape.
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.
While Sebi has suggested corporatizing advisory business to enhance investor protection, questions remain about its efficacy given the number of retail investors, their ticket size of transactions and investments, and their limited ability to pay for investment advice
On August 31, the regulator proposed an agency that would function as a subsidiary of an MII or as a jointly supported entity by multiple MIIs.