India Regulator Plans Rules to Slow Down High-Speed Trading

  • Sebi chairman says new regulations could come in three months
  • Aim is to raise fairness, transparency, reduce risk: Sinha
Photographer: Dhiraj Singh/Bloomberg
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India’s markets regulator plans to introduce steps to slow down high-frequency trading in the next three months, according to its chairman.

The Securities & Exchange Board of India is considering mandating a fraction-of-a-second speed bump and alternating execution between computer and manual orders, Chairman U. K. Sinha said in an interview at his office in Mumbai. The regulator is also examining a proposal to prevent traders from canceling an algorithmic order until it is confirmed by the bourse, to counter the practice of seeing an order show up momentarily before it’s canceled.