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      <liveTestFlag>LIVE</liveTestFlag>
      <flags>
        <confirmingCopyFlag>false</confirmingCopyFlag>
        <returnCopyFlag>true</returnCopyFlag>
        <overrideInternetFlag>false</overrideInternetFlag>
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      <filer>
        <credentials>
          <cik>0001590935</cik>
          <ccc>XXXXXXXX</ccc>
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      <periodOfReport>09-30-2015</periodOfReport>
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    <coverPage>
      <reportCalendarOrQuarter>09-30-2015</reportCalendarOrQuarter>
      <filingManager>
        <name>BLUE ARROW CAPITAL MANAGEMENT LLC</name>
        <address>
          <com:street1>666 FIFTH AVENUE, 8TH FLOOR</com:street1>
          <com:city>NEW YORK</com:city>
          <com:stateOrCountry>NY</com:stateOrCountry>
          <com:zipCode>10103</com:zipCode>
        </address>
      </filingManager>
      <reportType>13F HOLDINGS REPORT</reportType>
      <form13FFileNumber>028-16035</form13FFileNumber>
      <provideInfoForInstruction5>Y</provideInfoForInstruction5>
      <additionalInformation>The Institutional Investment Manager filing this report (the "Institutional Investment Manager") and the Other Included Managers described herein are affiliates, and such Institutional Investment Manager and the Other Included Manager No. 1 are relying advisers (as such term is used in the SEC Staff No-Action Letter addressed to the American Bar Association, Business Law Section, dated January 18, 2012) of the Other Included Manager No. 2 (Millennium Management LLC). Each of the holdings described below is held directly or indirectly by Millennium Partners, L.P. or one or more affiliated investment funds that invest a portion of their assets in Millennium Partners, L.P.</additionalInformation>
    </coverPage>
    <signatureBlock>
      <name>Robert Williams</name>
      <title>Chief Accounting Officer</title>
      <phone>212-841-4100</phone>
      <signature>/s/ Robert Williams</signature>
      <city>New York</city>
      <stateOrCountry>NY</stateOrCountry>
      <signatureDate>11-16-2015</signatureDate>
    </signatureBlock>
    <summaryPage>
      <otherIncludedManagersCount>2</otherIncludedManagersCount>
      <tableEntryTotal>70</tableEntryTotal>
      <tableValueTotal>368773</tableValueTotal>
      <isConfidentialOmitted>false</isConfidentialOmitted>
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            <cik>0001426821</cik>
            <form13FFileNumber>028-12854</form13FFileNumber>
            <name>MILLENNIUM INTERNATIONAL MANAGEMENT LP</name>
          </otherManager>
        </otherManager2>
        <otherManager2>
          <sequenceNumber>2</sequenceNumber>
          <otherManager>
            <cik>0001273087</cik>
            <form13FFileNumber>028-10684</form13FFileNumber>
            <name>MILLENNIUM MANAGEMENT LLC</name>
          </otherManager>
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