BSE Ltd has launched a new service for algorithm trading test environment in partnership with Symphony Fintech Solutions Pvt Ltd. The service will enable all market participants to test their trading algorithms in equity, equity derivatives and currency derivatives segments free of cost. The members will be able to test their trading strategies with live market data feed during market hours and historical market data. Algorithm trading uses mathematical models and software codes to make transaction decisions on exchanges and execute them at high speed.
BSE has also made a provision to generate data analytics reports to check the performance of the strategies. Besides, it would provide individual test session for each member and “there is no time slot booking for login sessions for trading members”.
About BSE
- The Bombay Stock Exchange (BSE) is an Indian stock exchange located at Dalal Street, Kala Ghoda, Mumbai,Maharashtra, India.
- Established in 1875, the BSE is Asia’s first stock exchange and the world’s fastest stock exchange with a median trade speed of 6 microseconds.
- The BSE is the world’s 11th largest stock exchange with an overallmarket capitalization of $1.7 trillion as of January 23rd, 2015.
- More than 5500 companies are publicly listed on the BSE.
- On August 31, 1957, the BSE became the first stock exchange to be recognized by the Indian Government under the Securities Contracts Regulation Act.
