NEW DELHI: Financial Technologies (India) Ltd., an Indian IPR enterprise and
developer of e-Xchange trading platforms and financial software products, has
announced the release of DerivativesConnect - a comprehensive end-to-end
solution based on STP technology for Derivatives Market.
The mission-critical solution will deliver reliability, scalability and high
performance for the complete Trade Life Cycle - Pre-Trade, Trade and Post-Trade.
The solution suite, launched in alliance with Microsoft, Intel and Compaq
will be targeting brokers, providing them with a customizable interface to
enter, monitor, execute and process trades for both equity and derivatives over
a singular platform- the first of its kind in India.
DerivativesConnect comprises of the following key components: ODIN Integrated
- Specially designed to work over any telecom network, that delivers high
volume, non-stop trading for both Cash and Derivatives market participants;
MATCH Derivatives- caters to the individual needs of Trading Members, Trading
& Clearing Members and Professional Clearing Members and supports multi
stock Exchanges, multi Users and multiple contracts; FT-PRIME- a real-time
Portfolio based Risk Analysis and Management tool and STP-Switch- a real-time
interface between ODIN Integrated and MATCH Derivatives solutions supporting
two-way risk assessment functionality and online export / import facilities.
Speaking at the launch, , Financial Technologies managing director and CEO,
Jignesh Shah said, "The Indian customer is getting increasingly mature
about opting for innovative cutting-edge proven technology at an affordable
price. The launch of DerivativesConnect will reinforce Financial Technologies'
superior solution performance and service capabilities. Moreover, our close
association with Microsoft, Intel and Compaq delivers a 'one face' solution to
the market participants, ensuring the most optimal price-performance
combination".
Narendra Bhandari, strategic relations manager, Intel Asia Pacific said,
"Financial Technologies' suite of solutions is designed to deliver high
performance STP functionality to the derivatives trading industry. The launch of
this scalable and reliable platform further highlights how Intel Architecture-
based servers have been adopted by the financial industry, to deliver
mission-critical solutions, with a lower total cost of ownership."