SEBI’s Proposal to Enable Retail Investors in Algo Trading: White Algo vs Black Algo

The Securities and Exchange Board of India (SEBI) has proposed a regulatory framework to enable retail investors to participate in algorithmic (algo) trading.This paper examines SEBI's proposal, its potential impact on market dynamics, and the distinction between 'White Algo' and 'Black Algo.'The paper also discusses the risks and regulatory challenges associated with retail algo trading and offers recommendations for a balanced regulatory framework.

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Publication Details

Journal
Darshan - The International Journal of Commerce and Management (DIJCM)
Published
2025-06-21
DOI
https://doi.org/10.56360/dijcm/5.i.2025.2514
Primary Topic
Finance, Markets, and Regulation
Type
article
Field-Weighted Citation Impact
0.00
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article

SEBI’s Proposal to Enable Retail Investors in Algo Trading: White Algo vs Black Algo

Neel S. Raval, Dharmik Vegad, Rutu Padhiyar
Darshan - The International Journal of Commerce and Management (DIJCM)
Finance, Markets, and Regulation
article

SEBI’s Proposal to Enable Retail Investors in Algo Trading: White Algo vs Black Algo

Neel S. Raval, Dharmik Vegad, Rutu Padhiyar
article en

Abstract

The Securities and Exchange Board of India (SEBI) has proposed a regulatory framework to enable retail investors to participate in algorithmic (algo) trading.This paper examines SEBI's proposal, its potential impact on market dynamics, and the distinction between 'White Algo' and 'Black Algo.'The paper also discusses the risks and regulatory challenges associated with retail algo trading and offers recommendations for a balanced regulatory framework.

Darshan - The International Journal of Commerce and Management (DIJCM)Vol. 5(1)
Decent work and economic growth
Openalex Percentile: Top 76%
Finance, Markets, and Regulation
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SEBI’s Proposal to Enable Retail Investors in Algo Trading: White Algo vs Black Algo — Neel S. Raval, Dharmik Vegad, et al. · Darshan - The International Journal of Commerce and Management (DIJCM) (2025) | TGRS Research Map | TGRS