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Small brokers, investors welcome Sebi move on algos

Brokers Forum panel split, refers matter to full board, seeks extension for sending comments

N Sundaresha Subramanian  |  New Delhi 

The Securities and Exchange Board of India (Sebi)'s move to curb algorithmic trading on stock exchanges seems to have split Dalal Street. While the large volume drivers are against the curbs, a large number of smaller brokers, the majority, are in favour of the Sebi move to slow down and introduce safeguards here.

Sebi-registered investor associations, representing the smaller ones, have also welcomed the move. Last month, Sebi put out a discussion paper, seeking comments from investors, market infrastructure institutions and intermediaries "to explore and address concerns relating ...

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First Published: Thu, September 01 2016. 22:45 IST