Submitted by Tyler Durden on 05/26/2016 - 20:06
While the corrupt and criminal US regulators are unable to do anything to stifle the market domination of algos which have totally destroyed the US equity market, and sucked up enough liquidity where neither buy nor sellsiders can generate a profit, India is already well on its way to crushing the parasitic - and perfectly legal - frontrunners of virtually ever trade.
It will do so by increasing penalties on high-speed trading firms that flood exchanges with orders that don’t result into actual transactions, as part of steps aimed at strengthening its oversight of computerized trading.
http://www.zerohedge.com/news/2016-05-26/we%E2%80%99re-moving-tackle-systemic-risk-india-cracks-down-hft-scourge