Big Bark From Indian Regulator Carries Small Bite
When a regulator whose chairman has expressed reservations about high-frequency trading (HFT) releases a new set of rules on algorithmic trading, HFT brokers have reason to cringe. The guidelines released last week by the Securities and Exchange Board of India (SEBI) could have imposed speed limits or other serious restrictions on HFT in the subcontinent. It turns out most of the new rules aren't that new.
"On the whole, the reaction has been along expected lines as both the brokers and
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