Media Release
BSE’s 100% subsidiary, Marketplace Tech signs an MOU with Thomson Reuters
To deploy hosted trading solution, BEST for leading Indian exchanges
Mumbai, October 10, 2017: Marketplace Tech Infra Services (MTISPL), 100% subsidiary of BSE and Thomson Reuters today signed a Memorandum of Understanding (MoU) to deploy BEST (BSE Electronic Smart Trader), a robust, state-of-the-art hosted trading solution built on Thomson Reuters Omnesys NEST platform, for BSE members and customers.
Thomson Reuters Omnesys NEST hosted trading platform brings greater scalability, convenience, speed and transparency to the users. This hosted trading platform will be offered through various channels including dealers, investor exe and web.
BEST will supplement the existing order routing platform of MTISPL, BOW (Bolt+ On Web) to provide a single trading platform for all stock and commodity exchanges viz BSE, INDIA INX, NSE, NCDEX, MCX, MSEI & ICEX.
Speaking at the occasion Shri Ashishkumar Chauhan, MD and CEO, BSE said “BSE welcomes the collaboration between MTISPL and Thomson Reuters. This is a beginning of a strong partnership for providing market participants a platform and will help develop overall market infrastructure and ecosystem across all segments. It shall be the endeavor to continue providing members world class technology to access domestic and international exchange- India INX.
Shri Pradeep Lankapalli, Managing Director, Thomson Reuters South Asia said, “Thomson Reuters is proud to collaborate with BSE to enable seamless trading across various exchanges. Thomson Reuters Omnesys NEST hosted trading platform together with BSE will help the growing financial community manage risks by executing informed trading, thereby improving efficiency and effectiveness of transactions.”
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.
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.
Media Contact:
Yatin Padia / Rahul Vyas/ Deepika Shetty/ Chintan Shah
022 2272 8516 / 2272 8472/ 9022324305/ 9920630954
Yatin.padia@bseindia.com / Rahul.vyas@bseindia.com/ deepika.shetty@adfactorspr.com /chintan.shah@adfactorspr.com