Hi Zerodha team, Need clarification on following w.r.t. the recent NSE circular on algo trading which will be effective 1st Aug.
1.0 I understand that the limit of 10 orders/second is applicable for each API. If I use multiple API's in a single account, each API shall be permitetd to placed 10 orders/second. Please confirm.
2.0 In case algo approval is required, has the process and timelines for algo approval been specified.
I understand that the limit of 10 orders/second is applicable for each API. If I use multiple API's in a single account, each API shall be permitetd to placed 10 orders/second. Please confirm.
Individuals can place up to 10 orders per second (per segment per exchange) without registration. If you've created two Kite Connect apps, you can place up to 10 orders per second(per segment per exchange) in each app.
In case algo approval is required, has the process and timelines for algo approval been specified.
The exact process will be revealed by the exchanges soon.
If you've created two Kite Connect apps, you can place up to 10 orders per second(per segment per exchange) in each app.
Correcting @Nivas here. This isn't right. One can only have one API key with 10 orders per second per exchange per segment. The circular requires apps after that to only run registered algos. But to know how this will work, we'll have to wait for the exchanges to actually publish their circular with the process for also registration etc.
It’s already June 18, with only 31 working days left until August 1. The exchange hasn’t provided any update on the registration process.
Is the implementation going to be delayed? @Matti