Mon, Apr 23, 2018
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 - Sequoia takes Facebook stake as shares slide in data controversy, $1.4b hedge fund sees intact fundamentals for Facebook, Jim Cramer reveals some 'suggested hedge fund trades' amid the Trump tariffs[more]

    Sequoia takes Facebook stake as shares slide in data controversy From Bloomberg.com: The $4.2 billion Sequoia Fund bought a small position in Facebook Inc. as the stock slid late in the first quarter, investment manager Ruane, Cunniff & Goldfarb told clients. "The recent controversy enab

  2. Activist Investors - Blue Sky-owned Wild Breads faces uncertain future[more]

    From AFR.com: A Blue Sky private equity investment in artisan-style baker Wild Breads enjoyed multiple valuation upgrades despite losing millions and breaching its lending covenants, accounts lodged with the regulator last week show. Wild Breads lost $2.4 million in 2017, but Blue Sky ascribed a hig

  3. Opalesque Exclusive: Barnegat to close hedge fund to outside investors on weak opportunities[more]

    Komfie Manalo, Opalesque Asia: Bob Treue's Barnegat Fund Management said it is closing its $666m fixed income relative value hedge fund to outside investors. "The negative side to gains in Fixed Income Arbitrage is that unless we find new opportunit

  4. Investing - Hedge fund makes a big bet on malls, British hedge fund manager Odey short UK government bonds on QE bet[more]

    Hedge fund makes a big bet on malls From Barrons.com: The dominant narrative on American shopping malls is that they're dead. Crushed by Amazon.com, many brick-and-mortar retail stores are destined for bankruptcy. And where is the most retail, clustered all together? Malls. From a

  5. Performance - Hedge funds suffer first back-to-back loss in two years, Netflix performance burns hedge fund short sellers, Macro hedge fund up 14.5% in first quarter sees dollar falling, Renaissance Technologies rebounds across hedge funds in March[more]

    Hedge funds suffer first back-to-back loss in two years From Bloomberg.com: Hedge Fund returns sank for a second straight month in March, the first back-to-back loss since the first two months of 2016, as trade wars, tech-sector woes and a Fed rate hike dragged down the S&P 500 from its