Indian Overseas Bank has entered into an agreement with broking partner M/s SMC Global for opening of 3 in 1 account i.e., SB + Demat Account + Trading Account, where SB and Demat Account will be with IOB, and Trading Account will be with SMC Global.
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Algorithmic trading or algo in market parlance refers to orders generated at a super-fast speed by the use of advanced mathematical models that involve automated execution of the trade, and it is mostly used by large institutional investors.