Buch says industry could not prove claims on algo trading

Updated: Oct 1 2022 10:48AM

Mumbai, Sep 30 (PTI) Sebi chairperson Madhabi Puri Buch on Friday said the capital markets regulator is open for algo trading, but the industry has not been able to prove the claims on returns.

Buch told reporters that the regulator “unhappily” broke up its circular on algo trading into two parts, with one aspect focusing on stopping the misselling in the market and the other showing an openness to relook into the matter.

"For many months, we tried to find a solution. The industry was unable to demonstrate any simulation to justify their claims," Buch told reporters here.