Of course, Algorithmic Trading is not new in India, but it is still in its nascent stage.
Algorithmic trading is transformative in many ways – apart from profit opportunities for the trader, the algorithm makes trading more systematic by ruling out the impact of human emotions and errors on trading activities.
The primary reasons algorithmic trading takes over manual trading are – speed, accuracy, and cost savings.
Systematic trading is the form of algorithms that typically interests the majority.
But apart from that, a vast area of trading where algorithms are used is Execution and Arbitrage.