Description
NSE announces provisional empanelment of M/s. Simply Algo Fintech Private Limited as an Algo Provider for providing Whitebox algorithmic trading solutions to trading members.
Summary
The National Stock Exchange of India Limited has provisionally empaneled M/s. Simply Algo Fintech Private Limited as an Algo Provider to offer algorithmic trading solutions to trading members of the Exchange. This empanelment is effective immediately from December 23, 2025.
Key Points
- M/s. Simply Algo Fintech Private Limited has been provisionally empaneled as an Algo Provider
- The provider offers Whitebox type algorithmic trading solutions
- Located at No.418, First Floor, G.V. Residency, Coimbatore, Tamil Nadu-641038
- Contact number: +919751597579
- Circular applicable with immediate effect
- Complete list of empaneled Algo Providers available on NSE website
Regulatory Changes
No regulatory changes introduced. This is a routine empanelment notification adding one more provider to the existing list of empaneled algo providers.
Compliance Requirements
No specific compliance requirements for trading members. This circular is informational in nature, providing trading members with details of a newly empaneled algo provider they may choose to engage with for algorithmic trading solutions.
Important Dates
- Effective Date: December 23, 2025 (immediate effect)
- Circular Date: December 23, 2025
- Circular Reference: NSE/INVG/71974, 536/2025
Impact Assessment
Market Impact: Minimal. This is a routine administrative action expanding the pool of empaneled algo providers available to trading members.
Operational Impact: Trading members now have an additional option for sourcing algorithmic trading solutions. The empanelment is provisional, indicating the provider is subject to ongoing evaluation.
Affected Parties: Trading members seeking algorithmic trading solutions may consider M/s. Simply Algo Fintech Private Limited as a vendor option.
Reference: The updated list of all empaneled Algo Providers is maintained at https://www.nseindia.com/static/trade/empanelled-algo-providers-exchange
Impact Justification
Routine empanelment of a single algo provider; minimal direct market impact; informational for trading members seeking algorithmic trading solutions