SEBI Update: Revision in order in accordance of OPS limit for algorithmic trading in Commodity Derivatives

SEBI through circular dated March 17, 2022, has brought revision in Orders Per Second (OPS) limit for algorithmic trading in Commodity Derivatives. It has raised the limit for placing the number of orders per second to up to 120 by a user from the existing limit of 100.

The circular shall be effective from April 01, 2022.

Thus, clause‘3’ of SEBI Circular SEBI/HO/CDMRD/DRMP/CIR/P/2018/60 dated April 03, 2018, stands revised as Stock Exchange shall place a limit (X) on the numbers of orders per second from a particular CTCL ID/ATS User-ID not exceeding one hundred and twenty orders per second.

 Link of Circular:  

https://www.sebi.gov.in/legal/circulars/mar-2022/revision-in-orders-per-second-limit-for-algorithmic-trading-in-commodity-derivatives-segment-of-the-stock-exchange_56977.html