Ultra low latency gateway with pre-trade risk embedded service for BSE markets
Flexible software enables bespoke risk gateway solutions
LONDON, 06-Oct-2017 — /EuropaWire/ — Gatelab, the financial software company, part of London Stock Exchange Group, has become an approved provider of risk gateway services for third party clients accessing the Bombay Stock Exchange (BSE). The solution enables users to send orders to the BSE currency derivatives segment in ultra low latency, if all the pre-trade risk checks are met, and encompasses:
Incoming FIX session from end users
Hard Real Time Pre-trade risk checks
Outgoing connection to the Exchange using the BSE native protocol
The flexibility and robustness of such a solution enables Gatelab to offer its clients efficient and reliable risk gateways for any market of interest. Additional risk checks can be added at the request of the customer with a user friendly GUI allowing them to monitor flow and run reports.
Ashishkumar Chauhan, MD & CEO BSE said:
“BSE has a proven track record of offering customers connectivity through high quality technology vendors and we are delighted to add Gatelab to that roster of firms. Part of London Stock Exchange Group, Gatelab has a long history of delivering low latency front end solutions for a range of clients”.
Ferdinando La Posta, Gatelab Co-founder and CEO said:
“We are delighted to become an approved vendor for the Bombay Stock Exchange and its substantial client base. We intend to expand our offering by adding more segments of the BSE and more markets in the Asia-Pacific region, reducing latency and increasing efficiencies for our customers”.
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For further information:
LSEG – Ed Clark +44 (0)20 7797 1222
BSE – Yatin Padia +91 22 2272 8516
Notes to editors:
Gatelab is a financial software company offering brokering and proprietary trading platforms. Founded in 1989, Gatelab is part of London Stock Exchange Group.
Gatelab provides solutions to Buy-Side, Sell-Side and Hedge Fund firms as well as Exchanges. Its offering is MIFID compliant and covers:
Manual and automatic trading and quoting including RFQs and IOIs
Smart order routing for equities and bonds (listed and OTC)
Ultra low latency Risk Gateways
Systematic Internalization/Matching Engine to support multilateral trading facilities, crossing network, RIE and OTC
Integration with external pricing, risk management, and middle/back office, clearing systems
Post trade and OTC deal registration (post trade transparency and trade reporting)
For more information about Gatelab, please visit: http://www.gatelab.com
About London Stock Exchange Group:
London Stock Exchange Group (LSE.L) is an international markets infrastructure business. Its diversified global business focuses on capital formation, intellectual property and risk and balance sheet management. LSEG operates an open access model, offering choice and partnership to customers across all of its businesses. The Group can trace its history back to 1698.
The Group operates a broad range of international equity, ETF, bond and derivatives markets, including London Stock Exchange; Borsa Italiana; MTS (Europe’s leading fixed income market); and Turquoise (a pan-European equities MTF). Through its platforms, LSEG offers market participants, including retail investors, institutions and SMEs unrivalled access to Europe’s capital markets. The Group also plays a vital economic and social role, enabling companies to access funds for growth and development.
Through FTSE Russell, the Group is a global leader in financial indexing, benchmarking and analytic services with approximately $15 trillion benchmarked to its indexes. The Group also provides customers with an extensive range of data services, research and analytics through Mergent, SEDOL, UnaVista, XTF and RNS.
Post trade and risk management services are a significant part of the Group’s business operations. In addition to majority ownership of LCH, a multi-asset global CCP operator, LSEG owns CC&G, the Italian clearing house; Monte Titoli, a leading European custody and settlement business.
LSEG is a leading developer and operator of high performance technology solutions, including trading, market surveillance and post trade systems for over 40 organisations and exchanges, including the Group’s own markets. Additional services include network connectivity, hosting and quality assurance testing. MillenniumIT, Gatelab and Exactpro are among the Group’s technology companies.
Headquartered in the United Kingdom, with significant operations in North America, Italy, France and Sri Lanka, the Group employs approximately 4,000 people.
Further information on London Stock Exchange Group can be found at www.lseg.com
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.
SOURCE: London Stock Exchange Group plc.