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Confused about SEBI algo trading timeline: which circular applies when?

calendar_today September 11, 2026 person @vaishali_yadav User domain upstox

I keep seeing different dates mentioned around the SEBI algo trading framework and I’m having trouble piecing together the actual timeline. A few things I’m trying to confirm: What’s the actual sequence of circulars here? I’ve seen references to a February 2025 circular, a September 2025 one, and an NSE circular from May 2025, all tied to this framework.

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