Based on the recently released NSE’s Circular on Algorithmic Trading, may I request someone from the API team to categorically detail out the algo registration process, costs and the extent of disclosure requirements of the strategy, for tech-savvy client generated algos meant for individual self use so as to ultimately get the 10 TOPS limit removed/enhanced.
https://nsearchives.nseindia.com/content/circulars/INVG69255.zip
Hey, just chiming in, from what I’ve understood, for individual use, you’ll need to get the algo approved by an empanelled vendor or broker, submit the required disclosures (like logic flow, risk checks, etc.), and pay the registration fees. The 10 TOPS cap can be lifted once it’s officially registered. Still waiting on some clarity myself though, maybe someone from Zerodha or another broker can share specifics?
Initially we are not allowing more than 10 ops for API users, all our API users has to be under 10 ops.