Decision Support Tools / Algorithms trading

Automated Trading” shall mean and include any software or facility by the use of which, upon the fulfillment of certain specified parameters, without the necessity of manual entry of orders, buy/sell orders are automatically generated and pushed into the trading system of the Exchange for the purpose of matching. SEBI has allowed Exchanges to extend Algorithmic trading facility to members involving usage of various Decision Support Tools / algorithms / strategies

Procedure to apply for Decision Support Tools / Algorithms trading (Algo)

To facilitate efficient & easy registration process Algorithms are categorised into ‘Approved algorithms’ through CTCL/DMA (which is supplied by vendors) & ‘Non-approved algorithms’ through CTCL/DMA