Saturday, September 15, 2012

COURT ISSUES NOTICE TO SEBI ON PLEA TO BAN ALGORITHM TRADING

The Delhi High Court has issued notices to the Securities and Exchange Board of India (SEBI)
and Ministry of Finance on a petition seeking a ban on automated and algorithm trading. The
petition sought a direction to the Finance Ministry and the Securities and Exchange Board of India
(SEBI) to immediately abolish or suspend such trading. The petition also seeks removal of co-location servers that were allowed to be established by some brokers.

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