BSE Ltd said on Monday it 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.