Description
BSE provisionally empanels Multiicon Ideotechnology Private Limited to provide algorithmic trading solutions to trading members with immediate effect.
Summary
BSE has provisionally empanelled Multiicon Ideotechnology Private Limited as an algorithmic trading solutions provider for trading members. The empanelment is effective immediately and the vendor has been added to BSE’s official list of algo providers.
Key Points
- Vendor Name: Multiicon Ideotechnology Private Limited
- Office Location: Office no. 301/302/303, Third floor, Rumi Plaza, Maruti Nagar 3 corner, Airport road, Rajkot, Gujarat – 360005
- Contact: +91 9909941828
- Status: Provisional empanelment
- Purpose: Providing algorithmic trading solutions to BSE trading members
- Updated list available at: https://www.bseindia.com/static/markets/Derivatives/DeriReports/market_information.html
Regulatory Changes
No regulatory changes introduced. This is an administrative update to the list of empanelled algo providers.
Compliance Requirements
No compliance requirements or actions mandated for trading members. This is an informational notice about the availability of an additional algo provider.
Important Dates
- Effective Date: December 23, 2025 (immediate effect)
Impact Assessment
Market Impact: Minimal. This adds one more option for trading members seeking algorithmic trading solutions.
Operational Impact: No direct impact on trading members. Those interested in algorithmic trading solutions now have an additional empanelled vendor to choose from on a voluntary basis.
Stakeholders Affected: Trading members who may be interested in utilizing algorithmic trading services can now consider this provisionally empanelled provider.
Impact Justification
Informational notice about addition of one algo provider to existing empanelled list. No regulatory changes or compliance actions required by trading members. Voluntary service for those interested in algorithmic trading solutions.