The new service is free of cost for market participants.

Algorithmic trading or algo trading refers to orders on bourses that are generated using high-frequency, automated execution  logic.

The new service for algorithm trading test environment has been launched in partnership with Symphony Fintech Solutions Pvt Ltd, BSE said in a statement.

"The members will be able to test their trading strategies with live market data feed during market hours and historical market data," it added.

Besides, it would provide individual test session for each member and "there is no time slot booking for login sessions for trading members".

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