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May 26, 2016
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Sebi to tighten norms for algo trade; hike penalty for misuse
Concerned over misuse of the high-frequency or algo trade, Sebi Chairman U K Sinha today said a strong set of regulations will be put in place in 3-4 months to ensure fair opportunities to those without such latest-technology trading tools while penalties could be increased manifold for any misdemeanour in this space. In an interaction here, Sinha said regulators across the world are looking to find an effective solution for this menace but have not been able to find anything concrete.
Source -
http://www.business-standard.com
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