Algorithm Trade

If you read Sebi regulations on investment advice, retail algos are illegal products

A cursory look at the algo creators will show that the very purpose of algos is to offer buy/sell recommendations, often marketed by making wild claims

Sebi's proposal to treat all APIs as algo trade is unwarranted

Says unapproved programmes pose risk to market and can be misused for systematic manipulation

Asks for reactions by month-end; aim to ensure 'level field' for non-algo investors