Number of Traders - Algo / Non Algo bifurcation
FPI and Proprietary traders mainly traded through algorithms (commonly known as Algorithmic Trading). 306 out of 376 FPIs traded through algorithms, while 347 out of 626 Proprietary traders traded through algorithms.
-
On the other hand, only 13% of 95.7 lakh individual traders traded through algorithms. This 13% proportion is
overstated because it also includes those clients, who had experienced forced liquidation by the brokers (usually post 3.20 pm) to square off intraday positions, using algorithmic trading. -
97% of profits of FPIs and 96% of profits of Proprietary traders came from Algo entities.