New rules may spur algo usage in India

Brokers are hopeful a move by India’s securities regulator to streamline rules on algo connectivity will drive electronic execution through direct market access. However, there remains much uncertainty this will be the case. In the meantime, a group representing smaller brokers and retail investors is opposing moves that could increase algo trading on the grounds it creates an unlevel playing field. Earlier this month, the Securities and Exchange Board of India (Sebi) announced …