Bombay Stock Exchange (BSE) Ltd has launched a new service for algorithm trading test facility for investors on its derivatives and equity platform.
The 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.
Help members to test their trading strategies based on the live market data feed during market hours and also from historical market data.
What is Algorithm Trading?
- Algorithmic trading in financial markets refers to transaction orders generated by using advanced mathematical models that involve automated execution of trade.
- It uses mathematical models and software codes to make transaction decisions on exchanges and execute them at high speed.
- This technology-driven trading enables traders to take advantage of any profit making opportunities arising in the market much before a human trader can even spot them.
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.