NSE Circular on : Unique Identifier for Algorithms – Revision in Penalty
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Date |
Issuer |
Subject |
Topic |
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29-10-2021 |
NSE |
Algorithmic Trading |
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Highlights of NSE Circular dated October 29, 2021 Unique Identifier for Algorithms – Revision in Penalty NSE had, vide circular no. NSE/SURV/39958 dated January 15, 2019 advised Member to adhere to the its Circulars no. NSE/CMTR/21793 dated September 28, 2012 specifying that “All Algorithmic orders emanating from the system to be tagged with the unique identifier as specified by Exchange from time to time, circular no. NSE/CMTR/16519 dated Dec 14, 2010 regarding Identification of order through NNF terminal and Circular No. NSE/MSD/37635 dated April 26, 2018 regarding Unique Identifier for Algorithms provides for identification and population of Algo ids and ensure that all Algorithmic orders are tagged with the unique identifier allocated by the Exchange
Vide the said circular dated January 15, 2019 NSE had also informed that In case of any deviation from the above circulars, appropriate action shall be initiated which includes penalty of Rs. 10,000/- per day and that this penal provision shall be effective from February 15, 2019
Now, vide its Circular no. NSE/SURV/50154 dated October 29, 2021, NSE has revised the above penal provision as follows, with effect from December 1, 2021
NSE Circular no. NSE/ NSE/SURV/50154 dated October 29, 2021 is enclosed herewith for your ready reference.
In case of any clarification or assistance required in implementation of this circular you may contact VANDANA VANIA (SecMark Consultancy Ltd.)– van...@secmark.in / 9223303460 SHARDUL SHAH - shard...@secmark.in/ 9869265949 / 9653415968 |
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