India’s high-frequency trading space has come under sharper regulatory focus after the Sebi accused Jane Street Group of manipulating the country’s stock and derivatives markets, allegedly disadvantaging millions of retail investors.
Sebi found that majority of the stock brokers require more time to carry out the necessary changes in their systems on the basis of recently issued clarifications and modifications by exchanges.
Generative AI lowers entry barriers and boosts execution speed, but gaps in explainability, talent depth, and regulation could leave markets exposed
US lenders including Citigroup Inc., JPMorgan Chase & Co. and Goldman Sachs Group Inc. are among the biggest employers of India’s so-called global capability centers
The New York-based firm will take in between $3 billion and $5 billion in the D.E. Shaw Cogence Fund over the coming months
Sources familiar with the matter said that Sebi's interim findings are based on an expanded data review, with past SAT rulings in similar cases backing the limited disclosure of the regulator's internal communications.
The trading giant has been working on its defense against market manipulation allegations from the Securities and Exchange Board of India
In a circular issued on July 22, NSE said all algo strategies will have to be mandatorily registered and be given a unique identification. The revised unique identification mechanism will help the exchange identify algo orders from client Direct API (Application Programming Interface).
Jane Street is also looking for at least two dozen experienced people in the trading, research and machine learning division, which includes quantitative traders and options traders along with machine learning researchers and engineers.
Several leading wall street high-frequency trading firms have opened shop in India using structures similar to Jane Street's.
The SEBI order has sent a strong signal to all HFT firms that bend the rules to make extra profits while making it tough for genuine market participants, say market experts.
At the request of the industry, Sebi has proposed a settlement scheme cleared by the board in March, and notified in June. Registered stock brokers who were associated with algo platforms and against whom proceedings had been initiated by Sebi can apply.
The latest circular from the exchange gives details about the threshold that has been set, the arrangement a broker can have with algo platforms and more.
A retail investor can access algo-trading in two ways. One, he can go on a do-it-yourself (DIY) platform and create investment strategies. Two, he can use an existing investment strategy offered by a broker or a fintech company.
In the final circular, the market regulator has made a small change that will keep out illegal algo operators and provide ease of operations for retail traders
According to SEBI circular issued on February 4, implementation standards will be out in April and directions will come into effect from August.
SEBI proposes new norms to regulate algorithmic trading in a bid to make the process more accessible to retail traders and also safeguard their interests
In a consultation paper released on December 13, the Securities and Exchange Board of India suggested a review of regulations that govern retail trading using algorithms.
The market regulator released the consultation paper on new algo norms on December 13
Asset managers urge the FM to hike STT on high-frequency F&O trades over Rs 1,000 crore to protect retail investors from excessive speculation and losses
At the meeting it was decided that Industry Standards Forum, which consists of brokers' associations, will present the recommendations to the market regulator Sebi.
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.
Most HFTs had a bumper FY23 even as benchmark indices Nifty and Sensex were flat
Md Nasir, with a following of over 4 lakh across various platforms, even advertises his WhatsApp channel where he offers trading calls