Description
BSE provisionally empanels Simply Algo Fintech Private Limited as an algorithmic trading solutions provider for exchange trading members, effective immediately.
Summary
BSE has provisionally empanelled Simply Algo Fintech Private Limited as an algorithmic trading solutions provider. Trading members can now engage with this vendor for algorithmic trading services. The empanelment is effective immediately, and the updated list of all algo providers is available on the BSE website.
Key Points
- Simply Algo Fintech Private Limited has been provisionally empanelled by BSE
- The vendor will provide algorithmic trading solutions to BSE trading members
- Vendor contact: +91 9751597579
- Vendor address: No 418, First Floor, G.V. Residency, Coimbatore, Tamil Nadu – 641038
- Complete list of empanelled algo providers available at: https://www.bseindia.com/static/markets/Derivatives/DeriReports/market_information.html
Regulatory Changes
No regulatory changes. This is an addition to the existing framework for empanelled algorithmic trading solution providers.
Compliance Requirements
No mandatory compliance requirements. Trading members seeking algorithmic trading solutions may choose to engage with the newly empanelled provider. Members must continue to follow existing guidelines for use of algorithmic trading systems.
Important Dates
- Effective Date: December 24, 2025 (immediate effect)
- Notice Number: 20251224-29
- Notice Date: December 24, 2025
Impact Assessment
Market Impact: Minimal. This circular expands the choice of algo providers available to trading members but does not mandate any changes to existing operations.
Operational Impact: Low. Trading members can optionally engage with the new provider. No system changes or process modifications are required unless members choose to adopt this vendor’s solutions.
Target Audience: BSE trading members in the derivatives and cash segments who utilize or are considering algorithmic trading solutions.
Impact Justification
Informational circular announcing provisional empanelment of a single algo provider. Does not impact existing trading operations or require mandatory compliance actions from members. Relevant only to members seeking new algo solutions.