Recently I came to know about the new rules of Excahange, regarding rate limit of 10 orders per second if algo is unregistered. More than 10 is permitted only if algo is registered.
I need clarification for what part of algo needs to be registered or disclosed to Exchange.
Is it the strategy/technique/conditions, by which the algo makes the decision to trade and place orders.
I have developed strategies through years of research and I don’t want to disclose it to anyone.
Registering with exchange poses a significant risk of being disclosed. What can be done here.
Suppose if I don’t use any strategy programmatically and I make decisions manually and place around 50 orders per second through api, how can it be registered with exchange.