The SEBI has raised the limit for placing number of orders per second (OPS) to up to 120 by a user from the existing limit of 100 for algorithmic trading in Commodity derivatives. The limit on OPS may be further relaxed by Stock Exchanges based on the increased peak order load observed and corresponding upgrade of infrastructure capacity to ensure that capacity of trading system of Exchange remains at least 4 times the peak order load. The circular shall be effective from April 01, 2022.The SEBI has raised the limit for placing number of orders per second (OPS) to up to 120 by a user from the existing limit of 100 for algorithmic trading in Commodity derivatives. The limit on OPS may be further relaxed by Stock Exchanges based on the increased peak order load observed and corresponding upgrade of infrastructure capacity to ensure that capacity of trading system of Exchange remains at least 4 times the peak order load. The circular shall be effective from April 01, 2022.taxmann.com Latest Statutory HappeningsRead More
