Indian Court Refers Proposed HFT Ban to Regulator

India is currently wrestling with emerging HFT activity in its markets.

Delhi High Court rules that Sebi must respond to retail action brought against automated trading practices.

The Delhi High Court has instructed the Securities and Exchange Board of India (Sebi) to respond to a petition that seeks to ban automated trading on the country's markets.

The Intermediaries and Investor Welfare Association lodged a petition with the court that accuses automated trading of discriminating against retail investors in favor of advanced brokers and participants. The court's ruling, given on Tuesday, instructs Sebi to reply in due course to the plea. The court also sent notices to the finance ministry, the National Stock Exchange, the Bombay Stock Exchange and the central bank, with a hearing set for 28 January 2013.

Sebi has recently warned over the effects of automated trading in its markets, and has long been critical of strategies such as high-frequency trading. The story was first reported by the Financial Times.

  • LinkedIn  
  • Save this article
  • Print this page  

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact [email protected] or view our subscription options here:

You are currently unable to copy this content. Please contact [email protected] to find out more.

You need to sign in to use this feature. If you don’t have a WatersTechnology account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here: