*HFTs shift to Gift City to save on stamp duty and transaction costs* These HFTs, which deploy algorithmic and quant strategies, will continue to be regulated by the Securities and Exchange Board of India (Sebi) and trade on domestic exchanges. The shift to Gift City, according to industry experts, is to save a significant amount on stamp duty paid on broking transactions. For more details: https://www.business-standard.com/markets/news/hfts-move-to-gift-city-for-stamp-duty-savings-on-trade-transactions-125061101074_1.html