NIFM organizes seminar on Policy and Regulatory Framework for Algorithm/ High Frequency Trading in Capital

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By Accommodation Times Bureau

A seminar on ‘Policy and Regulatory Framework for Algorithm/ High Frequency Trading in India’ was organised in New Delhi today by the Department of Economic Affairs and the National Institute of Financial Management (NIFM). “Fair access and zero tolerance to manipulative practices is what regulations for algo trading shall strive for” said Secretary Economic Affairs, Shri. S.C. Garg in his Key note address. Speaking on the occasion, Chief Guest Shri Ashok Lavasa, Finance Secretary, pointed out that Stock markets in India have matured and induction of technology as enabler is now inescapable to intrinsic issues of trading. He also highlighted that use of technology could effectively reduce the cost of have-nots accessing the market. The Finance Secretary said that setting up of Fin-Cert – the computer emergency response team in the financial sector to address cyber security is also underway.

 

A study report on Algo Trading / High Frequency Trading was released during the Seminar. Copy of the report can be accessed at http://dea.gov.in/sites/default/files/NIFM%20Report%20on%20Algo%20trading.pdf.





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