Sebi to firm up algo trading rules, exchanges to offer shared co-location facilities. It also approves most of the recommendations of Uday Kotak panel while Chanda Kochhar: One of India’s most influential bankers.
Sebi to firm up algo trading rules, exchanges to offer shared co-location facilities
Algo trading includes automated rule-based trading where decision-making is delegated to a computer model, while High-Frequency Trading (HFT) is a type of algo which is latency sensitive and is characterized by high daily portfolio turnover and the high 0rder-to-trade ratio (OTR).
markets regulator Sebi today approved a number of measures to strengthen algo trading framework, including by mandating the exchanges to offer shared co-location facilities and providing some services for free.
The regulator's board has decided to review trading requirement for algo software for strengthening algorithmic trading framework by mandating stock exchanges to provide a simulated market environment for testing of software used for such high-frequency trades, Sebi Chairman Ajay Tyagi told reporters here.
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Algo trading includes automated rule-based trading where decision-making is delegated to a computer model, while High-Frequency Trading (HFT) is a type of algo which is latency sensitive and is characterized by high daily portfolio turnover and the high 0rder-to-trade ratio (OTR).
markets regulator Sebi today approved a number of measures to strengthen algo trading framework, including by mandating the exchanges to offer shared co-location facilities and providing some services for free.
The regulator's board has decided to review trading requirement for algo software for strengthening algorithmic trading framework by mandating stock exchanges to provide a simulated market environment for testing of software used for such high-frequency trades, Sebi Chairman Ajay Tyagi told reporters here.
Click here To know Best Stock Advisory India
These measures are expected to address the concerns relating to market quality, market integrity, and fairness on account of usage of algo trading and co-location.
Algo trading includes automated rule-based trading where decision-making is delegated to a computer model, while High-Frequency Trading (HFT) is a type of algo which is latency sensitive and is characterized by high daily portfolio turnover and the high 0rder-to-trade ratio (OTR).
Algo trading includes automated rule-based trading where decision-making is delegated to a computer model, while High-Frequency Trading (HFT) is a type of algo which is latency sensitive and is characterized by high daily portfolio turnover and the high 0rder-to-trade ratio (OTR).
SEBI approves most of the recommendations of Uday Kotak panel.
Board rejects suggestion to allow sharing of information with promoters or shareholders
The Securities and Exchange Board of India (SEBI) has accepted most of the recommendations made by the Uday Kotak-led committee on corporate governance.
“Out of 80-odd recommendations (of the Kotak panel), 40 were accepted without modification, 15 with modifications while eight were referred to governments and other departments,” SEBI chairman Ajay Tyagi told reporters after the board meeting on Wednesday.
Among the approved recommendations was splitting up the role of the chief executive officer, managing director, and chairperson of the top 500 listed firms from April 2020, according to a statement by SEBI. It also approved reducing the maximum number of directors in a listed firm to eight from 10 by April 2019. The number will have to be brought down to seven the following year, it added.
The SEBI board okayed secretarial audits for listed entities and their material unlisted subsidiaries under their listing obligation and disclosure requirement. This will enable SEBI to conduct audits of unlisted subsidiaries which contribute significantly to the revenues of listed companies'.
Board rejects suggestion to allow sharing of information with promoters or shareholders
The Securities and Exchange Board of India (SEBI) has accepted most of the recommendations made by the Uday Kotak-led committee on corporate governance.
“Out of 80-odd recommendations (of the Kotak panel), 40 were accepted without modification, 15 with modifications while eight were referred to governments and other departments,” SEBI chairman Ajay Tyagi told reporters after the board meeting on Wednesday.
Among the approved recommendations was splitting up the role of the chief executive officer, managing director, and chairperson of the top 500 listed firms from April 2020, according to a statement by SEBI. It also approved reducing the maximum number of directors in a listed firm to eight from 10 by April 2019. The number will have to be brought down to seven the following year, it added.
The SEBI board okayed secretarial audits for listed entities and their material unlisted subsidiaries under their listing obligation and disclosure requirement. This will enable SEBI to conduct audits of unlisted subsidiaries which contribute significantly to the revenues of listed companies'.
Chanda Kochhar: One of India’s most influential bankers.
The 56-year-old banker, called one of the "most influential women" in the world, has been with India’s largest private bank for over 30 years.
The Board of Directors of ICICI Bank gave a clean chit to its Chief Executive Officer (CEO) and Managing Director (MD) Chanda Kochhar on Wednesday, stating that there was no favoritism or conflict of interest in granting loans to Videocon Industries or any other company.
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The Board of Directors of ICICI Bank gave a clean chit to its Chief Executive Officer (CEO) and Managing Director (MD) Chanda Kochhar on Wednesday, stating that there was no favoritism or conflict of interest in granting loans to Videocon Industries or any other company.
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Questions were earlier raised on Kochhar’s involvement in granting loans to Videocon Group.
The bank’s Board reviewed the internal process stating “no individual employee, whatever may be his or her position, has the ability to influence the credit decision at the bank," ICICI Bank said in a BSE filing after the Board meeting.
Kochhar has been with the bank for more than 33 years.
The bank’s Board reviewed the internal process stating “no individual employee, whatever may be his or her position, has the ability to influence the credit decision at the bank," ICICI Bank said in a BSE filing after the Board meeting.
Kochhar has been with the bank for more than 33 years.
The Mozilla browser extension that 'makes it harder for Facebook to track you.
The add-on, Facebook Container Extension, developed exclusively for Firefox internet browser users, helps you control more of your web activity from Facebook by isolating your identity into a separate container
If you are worried about the risk of your personal data on Facebook being shared with third parties but not yet ready to delete your account, non-profit software developer Mozilla has come up with a browser extension which ‘makes it harder for Facebook to track your activity on other websites via third-party cookies’.
The add-on, Facebook Container Extension, developed exclusively for Firefox internet browser users, helps you control more of your web activity from Facebook by isolating your identity into a separate container.
If you are worried about the risk of your personal data on Facebook being shared with third parties but not yet ready to delete your account, non-profit software developer Mozilla has come up with a browser extension which ‘makes it harder for Facebook to track your activity on other websites via third-party cookies’.
The add-on, Facebook Container Extension, developed exclusively for Firefox internet browser users, helps you control more of your web activity from Facebook by isolating your identity into a separate container.
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