Foreign Server IP for API trading

Support Desk
1

Hey,

I wanted to know if it is ok if foreign servers with foreign ip address can be used to place, track and modify orders for api based trading - even though i am a indian tax resident (not an NRI/Foreigner/OCI) and i have opened account with the same info. I am not going abroad. I am an indian tax resident staying in india. I am inquiring about having a foreign server (with foreign ip) accessing and placing trades in my zerodha account.

My main purpose is to - get market data and account data for analysis and then manually place, modify, delete orders etc

Are there any regulatory or compliance privileges for using indian data centers/ip? (Not networking stuff like server latency, ping etc. - i would like to enquire about ban/rate limits etc)

Will i penalised or blacklisted in case i use a foreign data center for api based trading?

I would be happy if you share some credible and authoritative articles/docs

Thanks. Looking forward for a reply.

2

Hi @116607515468841922182,

As per the new SEBI algo trading regulations, NRIs using broker-direct APIs can continue using APIs by updating their static IP addresses. However, please ensure that the data is used only for personal trading purposes and not for any commercial use.

Additionally, the algo trading regulations do not specifically address Indian tax residents accessing APIs from outside India. Therefore, there is currently no validation to check whether the static IP originates from India or not.