India's proposed algo trading rules cast pall over bourse IPOs

By Abhirup Roy and Euan Rocha MUMBAI (Reuters) - A proposed crackdown on algorithmic trading in India could hurt the earnings of the country's two main stock exchanges just as both bourses prepare to make their much-awaited stock market debuts. The Securities and Exchange Board of India (SEBI) in August outlined new proposals aimed at curbing high frequency trading (HFT) in the country, amid fears that retail investors would be disadvantaged against such advanced and expensive systems. The new r