Orders per second limit and requirement of empanelment of system auditors for algorithmic trading in commodity derivatives

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..... vatives Exchanges Sir / Madam, Sub: Orders per second limit and requirement of empanelment of system auditors for algorithmic trading in commodity derivatives 1. Vide circular SEBI/HO/CDMRD/DMP/CIR/P/2016/97 dated September 27, 2016, SEBI had issued broad guidelines on algorithmic trading for National Commodity Derivatives Exchanges. 2. The circular inter-alia required exchanges to p .....

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..... r-ID not exceeding hundred orders per second. Compliance with the limit X so set by a particular CTCL ID/ATS User-ID shall be measured over a rolling period of five seconds (i.e., 5X orders for 0th 5th second, 5X orders for 1st-6th second, 5X orders for 2nd to 7th second and so on). For number of orders exceeding the limit (X) set by the exchange, the exchange shall prescribe economic disin .....

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..... investors in securities and to promote the development of, and to regulate the securities market. 7. This circular is available on SEBI website at www.sebi.gov.in . Yours faithfully, Shashi Kumar General Manager Division of Risk Management and Products Commodity Derivatives Market Regulation Department Email: [email protected] - Circular - Trade Noti .....

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