Legality of hft

[rms20565]

I am a software engineer. I have developed a software for automated trading in ODIN (Automated placing, cancelling and modifying orders on predefined strategy in real time). I want to know the legality of this software. Please help me

 

[screentrader2012]

Hi

Its ILLEGAL FOR SURE. You need to get your software tested and approved from respective Stock exchange. Both NSE and BSE. Once they approve and give you a green signal only then you can go any further.

Get their approval first and that is a MUST.

Please be informed that all software vendors for trading follow the above mentioned process.

I am a software engineer. I have developed a software for automated trading in ODIN (Automated placing, cancelling and modifying orders on predefined strategy in real time). I want to know the legality of this software. Please help me

 

[aryan.]

Just call the NSE contact number and ask them. Post their reply here.

 

[techdr]

It depends on how your automated algo works. However FT may take objection to the same.