Is there anyone from India doing Algo trading?
There is a growing number of free algo trading in India. The Indian derivatives market is one of the most liquid in the world, with a liquidity ratio of around 98 percent. The number of people doing algorithmic trading is around 10% of retail trading in India. The government allows algorithms to trade in certain circumstances, such as if a broker has an adequate risk management system and undergoes annual audits by Certified Information System Auditors. SEBI introduced algorithmic trading in 2008 and allowed its use. However, the practice was initially limited to institutional investors. Then, in 2012, SEBI began leasing co-location servers to fintech firms and brokers, opening the door for retail participation. The SEBI put in place broad guidelines on algorithmic trading in 2012, requiring brokers to adhere to strict risk management practices. The regulator also requires a monthly report on the use of algorithms to prevent market manipulation. The proposed regulations would restrict