INVG64567.pdf (90.1 KB)
Will this circular affect copy trading softwares also?? @siva @nithin @mohitmehra
Not completely. But copy trading is grey area w.r.t compliance.
Then what is the main intention of this circular?
Hi Gaurav,
Trading members (TM ) have been submitting device ID data to the stock exchanges on a daily basis since August 2022 as per Exchange circular NSE/COMP/53164 dated August 01, 2022. This circular mandated the TMs to collect and share the device details from which a user is placing orders to the stock exchanges which inturn was used by SEBI/MIIs for surveillance.
The recent circular NSE/INVG/64567 of Oct 15, 2024 mentioned in your post extends the monitoring and reporting mechanism under the existing device ID framework to the trading members.
Also, this won’t have any effect on copy trading softwares as the orders are placed from different accounts having different IPs and different devices. Hope this clarifies.
orders are placed from same master account …right? in copy trading
It should be okay if the accounts from which the orders are placed and devices/ IPs are different. Also, as Nithin said, copy trading is grey w.r.t compliance.