<ul><li>The Securities and Exchange Board of India (SEBI) has extended the timeline for retail algo trading rules from April to August.</li><li>The extension was granted after stock exchanges requested more time to implement the new standards in consultation with the Brokers’ Industry Standards Forum (ISF).</li><li>Under the new standards, brokers will act as the principal, algo providers as agents, and stock exchanges will provide a unique identifier for all orders generated through algos.</li><li>SEBI has categorized algos into white-box (transparent logic) and black-box (hidden logic) types, with black-box algo providers required to register as research analysts.</li></ul>

SEBI Extends Timeline For Retail Algo Trading Rules To August

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