Sanjay and terminator,
I am new to stock markets so please pardon my ignorance. How can SEBI, or anyone, even know whether I have automated my trading or not? E.g. if I have a simple greasemonkey script and use ICICI direct which buys whenever mars is in my fourth house
Have I misunderstood your point, or is this also one of the immature absolutely unenforceable laws of India?
Also, can you tell me the kind of offence automated trading would be? Is it just against SEBI directives, or a civil offence, or a criminal offence? If I remember correctly, SEBI itself does not have powers to punish, so it can only sue me in a court.
thanks a lot
Amit
I am new to stock markets so please pardon my ignorance. How can SEBI, or anyone, even know whether I have automated my trading or not? E.g. if I have a simple greasemonkey script and use ICICI direct which buys whenever mars is in my fourth house
Have I misunderstood your point, or is this also one of the immature absolutely unenforceable laws of India?
Also, can you tell me the kind of offence automated trading would be? Is it just against SEBI directives, or a civil offence, or a criminal offence? If I remember correctly, SEBI itself does not have powers to punish, so it can only sue me in a court.
thanks a lot
Amit
That rule is for service providers( Firms, brokerages marketing algo trading products). Fortunately no one monitors/stops us individual traders from doing that kind of a thing . But you wont be able to market such a thing to others legally under sebi directive