CO-LOCATION FACILITY TO COST MORE

■ Regulator mulls ‘surge charges’ on algo trades

■ Currently, brokers pay annual fees to avail co-location facility

■ Sebi observed high order-to-trade ratio of certain participants

■ Charges levied could go up to four times depending on the trade volume

■ Regulator observed clog in the systems due to high numbers of orders

■ Concept was discussed by the Sebi’s expert panel on secondary market

■ Review of HFT regulation triggered by NSE co-location controversy