Guidelines for Order-to-trade ratio (OTR) for Algorithmic Trading

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..... elines for Order-to-trade ratio (OTR) for Algorithmic Trading SEBI vide circulars no. CIR/MRD/DP/09/2012 dated March 30, 2012 , CIR/MRD/DP/16/2013 dated May 21, 2013 and SEBI/HO/MRD/DP/CIR/P/2018/62 dated April 09, 2018 , had advised stock exchanges to put in place effective economic disincentives for high daily order-to-trade ratio (OTR) of algo orders placed by trading members. 2. On .....

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..... ular is issued in exercise of the powers conferred under Section 11(1) of the Securities and Exchange Board of India Act 1992 , read with Section 10 of the Securities Contracts (Regulation) Act, 1956 to protect the interests of investors in securities and to promote the development of, and to regulate the securities market. 5. This circular is available on SEBI website at www.sebi.gov.in .....

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