Description

The proposed Guidelines on Algorithmic Trading issued by the International Financial Services Centres Authority (IFSCA) represent and recognise the growing role of algorithmic and high-frequency trading and adopt a principles-based approach centred on accountability, transparency, and market stability.
As GIFT City aims to become a global financial centre, these guidelines outline key rules for the digital infrastructure supporting algorithmic trading. The main challenge is finding the right balance between regulatory safeguards for market stability and keeping market liquidity strong. This critique and the following recommendations are meant to help the IFSCA framework support both market stability and the innovation it seeks to encourage.
The Policy Innovation Committee of the Indian Society of Artificial Intelligence and Law has developed a feedback to be submitted to the IIFSCA for its consultation paper released on 21st January 2026 on Guidelines for Algorithmic Trading on Stock Exchange.

Stakeholders Involved with the Feedback Submission

Jha Arunima, Advocate, High Court of Bombay, Patron Member, Indian Society of Artificial Intelligence and Law
Kailash Chauhan, Chairperson for the AI Development Committee, Indian Society of Artificial Intelligence and Law
Ayush Chandra, Chairperson for Policy Innovation Committee, Indian Society of Artificial Intelligence and Law
Hamda Arfeen, LegalEase Solutions, Co-Chairperson for Policy Innovation Committee, Indian Society of Artificial Intelligence and Law
Sunil Khemka, Co-Chairperson for the AI Development Committee, Indian Society of Artificial Intelligence and Law
Chakshu Garg, Patron Member, Indian Society of Artificial Intelligence and Law
Sunil Agarkar, Patron Member, Indian Society of Artificial Intelligence and Law
Simarjeet Singh Satia, Advocate and PhD Scholar
Ekta Gupta, Advocate and PhD Scholar on Blockchain and Fintech
Satyanshu H Mishra, In-house Legal Counsel, Flipkart
Namrata Dubey, Fintech Lawyer at Novo Juris
Subham Sourav, NUSRL Ranchi