Performance/return claimed by unregulated platforms offering algorithmic strategies for trading

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..... ffering algorithmic strategies for trading 1. It has come to the notice of the Securities and Exchange Board of India (SEBI) that some unregulated platforms are offering algorithmic trading services/strategies to investors for automated execution of trades. Such services and strategies are being marketed with "claims" of high returns on investment. Further, "ratings" have been assigned to the str .....

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..... urn/performance of the algorithm; and/or 4.1.2. directly or indirectly associate with any platform providing any reference to the past or expected future return/performance of the algorithm. 4.2. Stock brokers who are directly/indirectly referring to any past or expected future return/performance of an algorithm or are associated with any platform providing such reference, shall remove the sam .....

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..... port to SEBI in this regard within 60 days from the date of this Circular. 6. The provisions of this circular shall be applicable with immediate effect. 7. Appropriate action may be taken by SEBI under the securities laws for non-compliance of the above provisions. 8. This circular is issued in exercise of powers conferred under Section 11(1) of the Securities and Exchange Board of India Act, 1 .....

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