Getco, one of the world’s largest automated traders, has received regulatory approval to start operations in India, becoming the first western trading firm to tap into the country’s fast-growing electronic derivatives markets. Indian regulators have allowed Getco to open an office in Mumbai, and to become a member of the National Stock Exchange of India, according to a filing on the NSE’s Getco would trade equity options, rather than equities, a market in which a relatively high securities transaction levy and post-trade complications have created significant barriers to high-frequency trading in equities in India. Source: FT