How do I get my Algo approved?
Kindly follow below Algo Approval Process
- Client Request to BIGUL
- Client submits a request to the BIGUL for approval of their algorithmic strategy.
- Client provides required documents (Algo document, strategy details, testing results, risk controls, etc.).
- BIGUL Submission to Exchange
- BIGUL reviews the client’s algo documents.
- BIGUL forwards the algo details to the Exchange for approval as per regulatory requirements.
- Exchange Approval & Algo ID Issuance
- Exchange evaluates and approves the algo.
- Exchange issues a unique ALGO ID (registration ID) to the BIGUL.
- BIGUL Mapping
- BIGUL maps the Algo ID with the specific client’s algo setup in their systems.
- Client Trading Enablement
Once mapping is complete, the client can start live trading using the approved algo.
API Order Limits & Algo Trading Guidelines
- What is Bigul API?
- How can a registered client create a Bigul API?
- How to activate the Bigul API?
- What is the API Orders Per Second (OPS) limit?
- Does this limit apply to both in-house and third-party APIs?
- Which market segments are covered under this rule?
- Are there any exceptions?
- Will this limit impact my trading strategy?
- What is A3 – Exchange Approved Algo Application?
- Do the 10 OPS limits apply to A3 or Exchange-approved Algos?
- Can I use third-party platforms with Bigul?
- How do I get my Algo approved?
- Will my Algo be automatically exempt once approved?
- Will there be any change in execution speed or latency?
- What happens if I place more than 10 orders per second without approval?
- How can I ensure compliance?