Awards for excellence in Trading and Technology Europe 2010 were annouced on 6th Oct 2010.
Some of the categories were I am interested in :
Best Sell Side Trading System - Fidessa
Best Buy Side Trading System - ITG Triton
Best Smart Order Router - Progress Apama SOR
Best Fixed-Income Trading Platform - MarketAxess
Best OTC Trading System - MarketAxess
Saturday, October 16, 2010
Sunday, October 3, 2010
Friday, August 27, 2010
Smart order routing (SOR) in India
SEBI (Securities and Exchange Board of India ) has released a circular to permit Smart Order Routing (SOR) in the Indian Securities market. Two years back SEBI had allowed DMA, DMA Algo flows. Currently, these products are successfully used by many brokers.
Indian securities markets are becoming more and more competitive and close to the matured markets in the world.
NSE and BSE, two important markets in India, will be prime destinations where orders will be routed using SOR technology.
It will take 2-3 months of time before we can see first order traded using SOR.
Let's wait and watch this space on following lines :
Exchanges
1. Guidelines/Regulations for SOR product ?
2. Preparedness from exchanges to launch the product ? i.e. unique id requirement.
3. Who will be the first exchange to launch the product ?
Brokers
1. Global brokers will use SOR's from other markets ( US/EU ) to customise them for India ?
2. What kind of customizations will be needed for Indian markets ?
3. Can they leverage existing infrastructure to on board SOR ?
4. Who will be the first broker to launch SOR product ?
Indian securities markets are becoming more and more competitive and close to the matured markets in the world.
NSE and BSE, two important markets in India, will be prime destinations where orders will be routed using SOR technology.
It will take 2-3 months of time before we can see first order traded using SOR.
Let's wait and watch this space on following lines :
Exchanges
1. Guidelines/Regulations for SOR product ?
2. Preparedness from exchanges to launch the product ? i.e. unique id requirement.
3. Who will be the first exchange to launch the product ?
Brokers
1. Global brokers will use SOR's from other markets ( US/EU ) to customise them for India ?
2. What kind of customizations will be needed for Indian markets ?
3. Can they leverage existing infrastructure to on board SOR ?
4. Who will be the first broker to launch SOR product ?
Friday, May 28, 2010
India talks in FIX protocol
National Stock Exchange and Bombay Stock exchange are FIX (Financial Information Exchange) protocol compliant. NSE is live with FIX 4.2 whereas BSE is live with FIX 5.0. FIX 4.2 is the widely used version of protocol. FIX 5.0 is the latest version.
It would be interesting to see
1. How long it will take for broker community to migrate from native protocol to FIX protocol ?
2. How it will benefit each exchange to attract liquidity ?
3. How FIIs will be able to take advantage of FIX for DMA and DMA Algo flows ?
It would be interesting to see
1. How long it will take for broker community to migrate from native protocol to FIX protocol ?
2. How it will benefit each exchange to attract liquidity ?
3. How FIIs will be able to take advantage of FIX for DMA and DMA Algo flows ?
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