Algorithm Trade

Time to change Sebi rules on advice

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

Sebi paper skirts illegality of retail algos

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

Regulate, don't stifle

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

Sebi to put a leash on third-party algo providers, to build a new framework

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

Sebi proposes strict measures to curb 'algo trade' menace

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