What SEBI's retail algo circular means for your order layer

<p>SEBI's 4 February 2025 circular, "Safer participation of retail investors in Algorithmic trading", is mostly a compliance document. But if you build trading software, most of it lands on one place in your code: the layer that sends orders to a broker. Here is what it changes in practice. I'm writing this as a developer, not as a lawyer, so read the circular itself before you design anything.</p

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