Description
NSE has provisionally empaneled M/s Quartgen Solutions Private Limited as an Algo Provider for offering Whitebox algorithmic trading solutions to trading members, effective immediately.
Summary
NSE’s Investigation Department has provisionally empaneled M/s Quartgen Solutions Private Limited as an Algo Provider, authorizing it to offer Whitebox algorithmic trading solutions to trading members of the Exchange. The empanelment is effective immediately as of May 06, 2026.
Key Points
- Vendor empaneled: M/s Quartgen Solutions Private Limited
- Type of algo: Whitebox
- Address: B/208, Shree Ganesh Building, Sarvodaya Complex, Opposite Golden Nest, Mira Road, Thane 401107
- Contact: +918451969983
- Empanelment is on a provisional basis
- Circular reference: NSE/INVG/74075, Circular Ref. No. 34/2026
- Effective immediately
Regulatory Changes
No new regulatory changes are introduced. This circular adds a new vendor to the existing NSE framework for empaneled Algo Providers who are permitted to provide algorithmic trading solutions to retail investors through trading members.
Compliance Requirements
- Trading members wishing to offer algorithmic trading services via Quartgen Solutions Private Limited may now do so under this provisional empanelment.
- The full updated list of empaneled Algo Providers is available on the NSE website at: https://www.nseindia.com/static/trade/empanelled-algo-providers-exchange
Important Dates
- Effective Date: May 06, 2026 (immediate effect)
Impact Assessment
This circular has a low market-wide impact. It expands the pool of NSE-approved algorithmic trading solution providers by one, giving trading members an additional option for sourcing Whitebox algo solutions to offer retail investors. No existing trading arrangements or compliance obligations are altered. Retail investors and trading members should be aware of the expanded empaneled vendor list.
Impact Justification
Routine empanelment of a single algo provider on provisional basis; no regulatory changes or compliance requirements for existing trading members beyond awareness of a new approved vendor.