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SEBI Algo / API
Effective: 20 November 2024

SEBI Master Circulars for Secondary Markets, Algorithmic Trading & Derivatives

Official Reference: SEBI-MRD-MASTER-PORTAL
Technical & Microstructure Impact:
  • •Consolidated regulatory mandates governing algorithmic trading facilities, broker APIs, and retail direct market access (DMA).
  • •Establishes mandatory 6-month algo audit certifications, automated risk management kill switches, and order-to-trade ratio limits.
  • •Enforces upfront peak margin collection, 2% Extreme Loss Margin (ELM) surcharge on index options on expiry, and removal of calendar spread benefits on expiring legs.
Source: Official SEBI Portal Read Official Circular ↗