Description
NSE provisionally empanels M/s Multiicon Ideotechnology Private Limited as an Algo Provider for offering Whitebox algorithmic trading solutions to trading members.
Summary
NSE has provisionally empaneled M/s Multiicon Ideotechnology Private Limited as an Algo Provider to offer algorithmic trading solutions to trading members of the Exchange. The vendor provides Whitebox algorithmic trading solutions and is now authorized to serve NSE trading members. The circular is effective immediately.
Key Points
- M/s Multiicon Ideotechnology Private Limited has been provisionally empaneled as an Algo Provider
- Vendor provides Whitebox type algorithmic trading solutions
- Located at Office No. 301/302/303, Third floor, Rumi plaza Maruti Nagar 3 corner, Airport Road, Rajkot, Gujarat -360005
- Contact: +919909941828
- Complete list of empaneled Algo Providers available at https://www.nseindia.com/static/trade/empanelled-algo-providers-exchange
- Circular issued by Investigation Department
Regulatory Changes
No regulatory changes. This is an administrative update adding a new vendor to the Exchange’s list of empaneled Algo Providers.
Compliance Requirements
No compliance requirements for trading members. This circular is informational, notifying members of an additional approved vendor for algorithmic trading solutions.
Important Dates
- Effective Date: January 09, 2026 (immediate effect)
Impact Assessment
Market Impact: Minimal. This circular expands the choice of algorithmic trading solution providers available to trading members.
Operational Impact: Trading members seeking algorithmic trading solutions now have an additional empaneled vendor option. Members can contact the vendor directly for Whitebox algorithmic trading services.
Business Impact: Positive for trading members looking to implement or diversify their algorithmic trading infrastructure, as it provides more vendor options in the empaneled list.
Impact Justification
Administrative circular announcing provisional empanelment of a single algo provider. No regulatory changes or compliance obligations for trading members. Limited market-wide impact as it only adds one vendor to the approved list.