Media Release
BSE’s 100% subsidiary, Marketplace Tech Infra Services, goes live with hosted trading platform BEST, powered by Thomson Reuters
Mumbai, November 15th, 2017: Marketplace Tech Infra Services (MTISPL), a 100% subsidiary of Bombay Stock Exchange (BSE), today, launched BEST (BSE Electronic Smart Trader), a robust, state-of-the-art hosted trading solution built on Thomson Reuters Omnesys NEST, for BSE members and customers. This development comes on the back of a Memorandum of Understanding signed between Thomson Reuters and BSE earlier last month.
The ‘BEST’ platform will facilitate seamless trading for BSE customers across multiple exchanges including BSE, NSE, MCX and NCDEX for a wide range of investment categories such as equity, equity derivatives, bonds, currency and commodities on a single terminal. The platform will help traders make informed investing decisions and manage risk, along with the benefit of speed and accuracy, thereby increasing the effectiveness of the transaction.
Speaking at the go live event, Pradeep Lankapalli, Managing Director, Thomson Reuters, South Asia said, “We are delighted to collaborate with BSE to offer Thomson Reuters trading platform. We believe our robust platform coupled with BSE’s reach will help the broking industry achieve greater scalability, promote transparency and drive innovation.”
Shri Ashishkumar Chauhan, MD & CEO, BSE said “We are extremely delighted to launch BEST. It provides market participants a state of art and low cost trading platform. It shall be our endeavour to provide members world class technology to access domestic and international exchange.”
About BEST
BEST is a robust, state of art hosted trading application, powered by Thomson Reuters for Equity, Equity Derivatives, Currency and Commodity Markets. It provides an integrated system for Trading and Risk Management.
About Thomson Reuters
Thomson Reuters is the world's leading source of intelligent information for businesses and professionals. We combine industry expertise with innovative technology to deliver critical information to leading decision makers in the financial and risk, legal, tax and accounting, intellectual property and science and media markets, powered by the world's most trusted news organization. For more information, go to www.thomsonreuters.com.
About BSE
BSE (formerly Bombay Stock Exchange) established in 1875, is Asia’s first & now the world’s fastest Stock Exchange with a speed of 6 microseconds. BSE is India’s leading exchange group and has played a prominent role in developing the Indian capital market. BSE is a corporatized and demutualised entity, with a broad shareholder base that includes the leading global exchange- Deutsche Bourse, as a strategic partner.
BSE provides an efficient and transparent market for trading in equity, debt instruments, equity derivatives, currency derivatives, interest rate derivatives, mutual funds and stock lending and borrowing. BSE also has a dedicated platform for trading in equities of small and medium enterprises (SMEs) that has been highly successful. BSE provides a host of other services to capital market participants including risk management, clearing, settlement, market data services and education. It has a global reach with customers around the world and a nation-wide presence.
BSE’s systems and processes are designed to safeguard market integrity, drive the growth of the Indian capital market and stimulate innovation and competition across all market segments. Indian Clearing Corporation Limited, a wholly owned subsidiary of BSE, acts as the central counterparty to all trades executed on the BSE trading platform and provides full novation, guaranteeing the settlement of all bonafide trades executed. BSE Institute Ltd, another fully owned subsidiary of BSE runs one of the most respected capital market educational institutes in the country. Central Depository Services Ltd. (CDSL), associate company of BSE, is one of the two Depositories in India.
Media Contact
Yatin Padia/ Rahul Vyas
022 2272 8516 / 2272 8472
Yatin.padia@bseindia.com/rahul.vyas@bseindia.com