New norms for order-to-trade ratio in algo trades

SEBI on Wednesday put in location a new framework for order-to-trade ratio (OTR) of algo

SEBI on Wednesday put in location a new framework for order-to-trade ratio (OTR) of algo orders placed by stock brokers.

In a circular, SEBI stated it has decided to modify current OTR framework following receiving requests from the stock exchanges.

Beneath the framework, stock exchanges could be permitted to introduce further slabs up to an OTR of 2,000 (from current OTR of five hundred), and for OTR extra than 2,000, these types of slabs can be launched with deterrent incremental penalty, which stock exchanges could determine jointly.

On the third occasion of OTR remaining 2,000 or extra, in the last thirty times (rolling foundation), the worried member will not be permitted to location any orders for the 1st fifteen minutes on the following trading day as a cooling off action.

Published on


June 24, 2020

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