on categorizing every order placed by an API as an algo order. SEBI is planning to come up with few regulations on algo trading and use of API for order placing, The broker will now have to get exchange approvals for any algo or program running with API for placing orders, Its extremely tedious and complex process, As per Sebi consultation paper, every API order should be tagged as its placed by the strategy used by any customer using APIs and also validate that the order being placed is from that strategy itself. The facility of algo trading shall be provided by the stockbroker after obtaining permission of the stock exchange. All algo orders shall necessarily be routed through broker servers located in India and the stock exchange should have an appropriate risk controls mechanism to address the risk emanating from algo orders.   All algo orders shall be tagged with a unique identifier provided by the stock exchange in order to establish an audit trail and the stockbroker sh...