Sat, Feb 13, 2016
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Industry Updates

Two Indian bourses agree on launch of co-location facilities to provide about automated trading

Tuesday, January 12, 2010
Opalesque Industry Update - India’s two stock exchanges are joining the trend to launch “co-location” facilities to provide about automated trading, joining the latest fad in the latest trading technology together with major developing markets in Asia, including Japan, media reports said.

According to a report by FT.com, India’s second largest market by volume, the Bombay Stock Exchange (BSE), has teamed up with information technology company Netmagic Solutions to provide co-location services. This would allow traders to physically locate their computer servers within meters of the exchange’s system for faster execution of transactions.

The report added that the National Stock Exchange, India’s largest market by volume, is scheduled to go live with its new co-location facilities “in the next few weeks.”

MoneyControl.com quoted Madhu Kannan, MD and CEO of BSE as saying: “The first collocation facility provided by Netmagic at BSE premises would help the broking community to host their servers for program trading near to our trading system. It would be exchange neutral and since the facility is extended by one of the best service providers in the industry, member would experience a world class facility at a very competitive cost that can be additionally used for placing orders on multiple exchanges.”

India’s two bourses announcement of co-location facilities were announced as financial experts feared that Singapore’s decision to extend the timing of its bourse may hurt India’s exchanges.

Singapore’s extension of trading hours, according to Business-Standard.com, “may gradually see an increase in Nifty volumes on the Singapore Stock Exchange. This is the second time in the past six months that SGX has extended trading in Asian equity derivatives by over an hour and analysts believe that within the next six months, index futures on SGX will be traded for 23 hours in a day.”

But hedge fund firm Atyant Capital Advisors Pvt. Ltd. (India) expressed expressed confidence that the Indian economy would probably be emerging as the most robust economy in the world in 2010 despite concerns over Indian financial markets being affected by contagion from the rest of the world still remains. - PD -

What do you think?

   Use "anonymous" as my name    |   Alert me via email on new comments   |   
Today's Exclusives Today's Other Voices More Exclusives
Previous Opalesque Exclusives                                  
More Other Voices
Previous Other Voices                                               
Access Alternative Market Briefing


  • Top Forwarded
  • Top Tracked
  • Top Searched
  1. Investing - Real estate secondaries sole 'bright spot' in 2015, As hedge funds stumble, one firm prepares to buy illiquid stakes[more]

    Real estate secondaries sole 'bright spot' in 2015 From IPE.com: The secondary market for property was the sole “bright spot” over the course of 2015, as hedge fund secondaries saw deals fall by two-thirds, according to a wide-ranging survey of the market. Setter Capital said 2015 saw th

  2. Asia - Hedge fund manager Kyle Bass estimates China's foreign reserves below critical level[more]

    From Nasdaq.com: Investor Kyle Bass stepped up his attack on China's currency, arguing in an investor letter distributed Wednesday that the second-largest economy's foreign reserves are "already below a critical level." The comments mark the latest effort by hedge funds and other investors to raise

  3. Investing - Some hedge funds want to make subprime auto loans next big short, 11 hedge funds that are “all in” on the FANG stocks, Hedge funds short London luxury homes, Cynet raises $7 million from U.S. hedge fund[more]

    Some hedge funds want to make subprime auto loans next big short From Bloomberg.com: A group of hedge funds, convinced they have found the next Big Short, are looking to bet against bonds backed by subprime auto loans. Good luck finding a bank willing to do the trade. Money manage

  4. Investing - Hedge funds see selloff in European bank stocks as buying opportunity[more]

    From WSJ.com: The massive selloff in European bank stocks and bonds is overdone and presents a “phenomenal” buying opportunity, according to some of Europe’s top hedge-fund managers. Despite a 28% slump in European bank stocks this year, including a 38% fall in Deutsche Bank AG and a 34% drop in Soc

  5. Legal - Carlyle accused of fraud by ex-employee, Hedge funds win CDS breach of contract suit against Deutsche Bank, Hedge fund asks for OK on $27.5m Goldman CDO deal, SFO examines Barclays hedge fund profits[more]

    Carlyle accused of fraud by ex-employee From AI-CIO.com: A former portfolio manager claims he was fired for blowing the whistle on “crazy” and “irresponsible” investments. Carlyle Group has been sued by a former portfolio manager for one of its hedge funds, who accused the firm of “knowi