Revision in Orders Per Second limit for algorithmic trading in Commodity Derivatives Segment of the Stock Exchange

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..... n Orders Per Second limit for algorithmic trading in Commodity Derivatives Segment of the Stock Exchange 1. SEBI had issued broad guidelines on algorithmic trading for Commodity Derivatives segment of Stock Exchanges vide SEBI circular no. SEBI/HO/CDMRD/DMP/CIR/P/2016/97 dated September 27, 2016. The circular inter-alia required Stock Exchange to place a limit on the number of orders per second .....

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..... red and twenty 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 Stock Exchange, the Stock Exchange shall prescribe economic disincen .....

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..... cise of the powers conferred under Section 11 (1) of the Securities and Exchange Board of India Act, 1992, to protect the interests of investors in securities and to promote the development of, and to regulate the securities market. 7. The circular is issued with the approval of the competent authority. 8. This circular is available on SEBI website at www.sebi.gov.in. Yours faithfully, Priyan .....

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