SEBI Penalizes ATS Share Brokers for TradeTron Algo Platform Violations

SEBI imposes a penalty of ₹2 lakh on ATS Share Brokers for violating algo trading norms by remaining associated with TradeTron platform.
The adjudication order finds ATS Share Brokers violated SEBI's 2022 circular by failing to disassociate from TradeTron, which hosted strategies with guaranteed returns.
The order imposes a penalty of ₹2,00,000 for non-compliance with SEBI's circular on algorithmic trading platforms.
ATS Share Brokers' API remained integrated with TradeTron, which displayed misleading strategies promising assured returns, violating SEBI regulations.