A meeting chaired by SEBI Chairperson Madhabi Puri Buch, including representatives from market infrastructure institutions (MIIs), algo providers and stock brokers took place to discuss various issues around algorithmic trading.
According to a report on algo trading by the National Institute of Financial Management (NIFM), 80% of the algorithmic orders are generated from the co-location of NSE and BSE.
The recent emergence of hunter algos has made life difficult for a lot of amateur option sellers who were so far accustomed to making small profits consistently on expiry days by writing OTM options
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