Bumpy Ride Ahead? Sebi taking feedbacks on slowing down HFT; curbs may hit volumes, shift trading activity abroad Will India be among the first markets to put speed-breakers in the way of high-frequency trading (HFT) -a system accused of giving some traders undue advantage because of its capability to execute transactions at lightening speed? With markets regulator Securities and Exchange Board of India (Sebi) taking feedback from exchanges and select institutions on possible steps that could slow down the world of black-box trading, there is a growing feeling among sections in the market that some curbs on HFT may come before the year ends. Many foreign institutions and large proprietary desks use sophisticated software programmes and place servers on the premises of stock exchange to enjoy an advantage over smaller brokers and traders. Even though HFT comprises a big slice of trading volumes and restricting them could be an unprecedented measure, Sebi is internally considerin