Comment on Market Watch & Trading Screen
commented on
22 Apr 2015, 07:35 PM
Sandip, we are no more new 🙂 , we will be 5 years old this August. I know exactly how it works, what if the algo goes bad (which it very easily can), who is responsible? If it executed by our broker terminal, we will be responsible for it. So if someone loses, he can go to NSE/SEBI and lodge a complaint saying we lost money for him. It just doesn’t make sense to do that kind of business. Unless this risk is covered for us, we will not venture and do it this way. The only way for now we will let someone automate is if he has a dealer terminal in his name, which means he has to become an AP with us (this way, he is responsible for the performance of the algo).