BSE’s 100% subsidiary, Marketplace Tech Infra Services, signs a Memorandum of Understanding (MoU) with Thomson Reuters to offer value added services
Mumbai, January 16, 2018: Marketplace Tech Infra Services (MTISPL), a 100% subsidiary of Bombay Stock Exchange (BSE), today, signed a Memorandum of Understanding (MoU) with Thomson Reuters, the world’s leading source of trusted answers for businesses and professionals, to offer value added services to its members. Through this partnership, BSE members will be able to avail Thomson Reuters powered solutions – proTRade, i3 Algos and Bracket Order on mobile device as well as dealer terminal. Earlier in 2017, BSE deployed 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.
proTRade, Thomson Reuters exchange certified mobile app, will help BSE members and their customers trade securely on BEST platform.
i3 Algos built on Thomson Reuters NEST platform will provide investors comprehensive tools with predefined set of highly sophisticated and comprehensive algorithms for customers to choose from, to execute their orders programmatically in a short span of time.
Bracket Order, a Thomson Reuters solution will enable BSE members and their customers to place orders by entering parameters for taking new positions, squaring off the positions and keeping a stop loss for those positions.
Speaking on this development, Ashishkumar Chauhan, MD & CEO, BSE said, “We are extremely delighted to offer mobile trading application on BEST platform. This will enable members to provide all different types of front end access (Exe, Browser and Mobile) available, so that investors can trade using any preferred mode. It shall be our endeavor to provide members world class technology to access domestic and international exchange.”
Pradeep Lankapalli, Managing Director, Thomson Reuters, South Asia said, “We are delighted to further strengthen our association with BSE. Our solutions for the BEST platform will help promote agility and efficiency in trading and enable the broking industry achieve greater scalability, transparency and innovation.”
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.
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