As per industry reports, the global algorithmic trading market size is expected to grow with a CAGR of 11.1 %, from USD 11.1 billion in 2019 to USD 18.8 billion by 2024. This herculean projection can be attributed to various factors like demand for fast and effective order execution, lesser cost of transactions, increasing government regulations, and growing demand for market surveillance.

Almost a decade ago, India also witnessed a huge shift towards algorithmic trading when the Se...