Hi

I was thinking of automating by trading.

What I was thinking is given below:

1. Analyse the current market.
2. Algorithmically generate buy/sell signals.
3. Automatically submit the trades to my broker without human intervention.

I have a web interface with the broker and the program will access the web and submit trades to the terminal.

I like to know whether this is legal or illegal in India ? If illegal can I do it both in NSE and BSE or only NSE.

Heard automated trading is allowed but does not know whether an individual like me can analyze and submit trade to my broker automatically. I was pretty confused!

Any links to SEBI or market circulars or anything is appreciated.

Thanks
Nikhil

Algorithmic trading is allowed at Indian exchanges, but I am not sure if it's available to retail investors.

Institutions are definitely allowed to use algorithmic trading.

You broker needs to take permission of the exchange before he can offer algorithmic trading.

You will have to ask your broker about it.

Source.

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Thanks Alchemist

Any feedback on which all brokers provide algorithmic trading support for retail investors?

At present there are no brokers providing platform for retail investors, apparently some think that business model would not be profitable due to regulations by different bodies.

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