Is it legal to do algo trading ?

kdotin
Hey,

I'm trying to find a lot of answers online, but everything looks unclear. I'm trying to build an algorithm which will do automatic buying and selling. We're building as a group, so probably around 7-10 people will use the same algorithm.

1. Is it legal to do this? If yes/no can I get some links where I can get some clarity or answers? I really don't want trouble.
2. Can I build an app in Kite-Connect and give it access to specific 10 people or 15 max to use my algo (this is not selling, this is just for the team behind this)

Let me know. PS: We're not building anything crazy, we're just trying to make sure we're not doing anything illegal. Thanks.
  • kakush30
    kakush30 edited July 3
    1) If it wasnt legal, Kite never provided buy-sell API in it.

    2) And I dont think there would be any problem in giving access of your repositories to your team.
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