IFSCA Proposes Algorithmic Trading Rules for GIFT City

The International Financial Services Centres Authority (IFSCA) has proposed new rules for algorithmic trading in GIFT City.

Algorithmic trading uses computers to buy and sell stocks very quickly.

The new rules require exchanges to approve these computer programs before they can be used and to check them regularly.

They also suggest adding filters to certain stocks and penalizing traders who place too many orders without executing them.

The goal is to keep the market safe and fair.

The rules are open for feedback from the public and market participants.

If traders break the rules too many times, they could have their trading privileges suspended.

Both traders and exchanges will need to regularly check their systems to make sure they are working properly.