Description

BSE announces provisional empanelment of Multiicon Ideotechnology Private Limited as an Algo provider for offering algorithmic trading solutions to exchange trading members.

Summary

BSE has provisionally empanelled Multiicon Ideotechnology Private Limited as an approved Algo provider to offer algorithmic trading solutions to trading members of the exchange. This empanelment is effective immediately and the vendor has been added to the official list of Algo Providers maintained on BSE’s website.

Key Points

  • Multiicon Ideotechnology Private Limited has been provisionally empanelled as an Algo provider
  • The vendor is authorized to provide algorithmic trading solutions to BSE trading members
  • Office located at Rumi Plaza, Airport Road, Rajkot, Gujarat – 360005
  • Contact number: +91 9909941828
  • Circular effective immediately from December 23, 2025
  • Updated Algo Provider list available on BSE website

Regulatory Changes

No regulatory framework changes. This is an operational update adding a new vendor to the approved Algo provider list under existing regulations governing algorithmic trading on BSE.

Compliance Requirements

Trading members seeking to utilize algorithmic trading solutions may engage with the newly empanelled vendor. Members must continue to comply with existing BSE regulations regarding algorithmic trading activities and vendor selection.

Important Dates

  • Effective Date: December 23, 2025 (immediate effect)
  • Notice Date: December 23, 2025

Impact Assessment

Limited market impact. This is an administrative update expanding the choice of approved algo trading solution providers available to BSE trading members. The empanelment provides additional vendor options for members looking to implement or upgrade their algorithmic trading infrastructure. The provisional nature indicates the vendor will be subject to ongoing evaluation and compliance monitoring by the exchange.

Impact Justification

Routine vendor empanelment announcement with limited direct market impact, relevant primarily to trading members seeking algo trading solutions