Description

BSE announces provisional empanelment of Quartgen Solutions Private Limited as an Algo Provider for offering algorithmic trading solutions to trading members.

Summary

BSE has provisionally empanelled Quartgen Solutions Private Limited as an Algo Provider to offer algorithmic trading solutions to the exchange’s trading members. This empanelment is effective immediately. The updated list of all approved Algo Providers is available on the BSE website.

Key Points

  • Quartgen Solutions Private Limited has been provisionally empanelled as an Algo Provider
  • The company will provide algorithmic trading solutions to BSE trading members
  • Contact Address: 601, Spaces 912, Pleasant Park, Mira Road, Mumbai 401107
  • Contact Number: +91 98332 99043
  • Circular is effective immediately
  • Complete list of Algo Providers available at: https://www.bseindia.com/static/markets/Derivatives/DeriReports/market_information.html

Regulatory Changes

No regulatory framework changes. This is an administrative addition to the list of approved vendors who can provide algorithmic trading solutions to trading members.

Compliance Requirements

Trading members seeking to use algorithmic trading solutions may engage with Quartgen Solutions Private Limited as an approved vendor. Members should refer to existing BSE guidelines on algorithmic trading compliance.

Important Dates

  • Effective Date: December 5, 2025 (immediate effect)
  • Notice Number: 20251205-43
  • Notice Date: December 5, 2025

Impact Assessment

Market Impact: Minimal. This is a routine administrative notification regarding vendor empanelment.

Operational Impact: Trading members now have an additional approved vendor option for implementing algorithmic trading solutions. This expands the choice of technology providers available to members but does not mandate any action.

Target Audience: BSE trading members who utilize or plan to utilize algorithmic trading strategies and require approved vendor solutions.

Impact Justification

Administrative notification about vendor empanelment for algo trading solutions. Affects only trading members seeking algo providers and has no immediate market-wide impact.