Advertisment

TCS deploys automated trading system for Daiwa

author-image
CIOL Bureau
Updated On
New Update

MUMBAI, INDIA: Tata Consultancy Services (TCS), a leading IT services, consulting, business solutions and outsourcing firm, today announced that it has simultaneously implemented an automated trading system for Daiwa Securities SMBC across multiple markets in the Asia Pacific (APAC) region including Tokyo, Hong Kong and Singapore.

Advertisment

Daiwa expects the newly introduced automated trading system to reduce cycle times while increasing trading volumes, and that it will offer customers increased profitability afforded by access to automated trading strategies, said a press release.

The automated system employs essentially the same applications for each stock market and its simultaneous deployment was made possible through the use of TCS’ global network delivery model (GNDMTM).

TCS mobilized 100 engineers over a one year period, working in tandem with Daiwa’s project team from the stage of gathering and analysis of system requirements to system implementation stage, said the release.

Advertisment

To ensure the successful deployment of Daiwa’s first large scale offshoring initiative, periodical visits to the TCS offshore facilities by Daiwa representatives were arranged throughout the development process, it added.

Koji Murasato, general manager of the Information Technology Department, Daiwa Securities SMBC, said, “We believe introduction of the new automated trading system will allow us to not only comfortably handle continually expanding trading volumes, but also allow us to offer customers the benefits of complex trading strategies.”

He said the company also expected a significant reduction in development costs through the simultaneous deployment across multiple markets.

Commenting on the deployment, Masahiko Kaji, President, TCS Japan, said, “This new partnership with Daiwa Securities SMBC is recognition of TCS’ world-class capabilities and ability to provide global best practices, customized to Japanese customer needs, to achieve winning results.”

tech-news