The NCDEX Limited, on October 09, 2026, issued a circular regarding a system audit by the Members of the Exchange – ATS (Algo Trading).
The following has been stated: -
•The National Commodity and Derivatives Exchange (NCDEX) has prescribed requirements for the half-yearly system audit of trading members using or offering algorithmic trading facilities for the period April 2026 to September 2026.
•Members must submit the audit plan by November 05, 2026, the preliminary audit report and executive summary by November 30, 2026, and the applicable Action Taken Report (ATR) by February 28, 2027, through the NCDEX Online Submission System (NOSS) portal.
•Audits must be conducted by exchange-empanelled system auditors, with prescribed records of audit visits, supporting evidence, and working papers maintained for at least three years.
•Members must also submit Algo MIS compliance details for each registered Algo ID against the 38 prescribed checks, including observations and management comments for non-compliant requirements.
•Non-compliance may attract disciplinary action under the applicable exchange penalty framework.
[Circular No. : NCDEX/MEMBER INSPECTION-028/2026]
