Omnesys Technologies, a software vendor for the securities
markets and application infrastructure software company Progress
Software have announced a strategic partnership to jointly deliver
state-of-the-art trading solutions for Indian broking firms. The
partnership will leverage the capabilities of Omnesys NEST product
suite and Progress Apama software platform.
Omnesys’ automated trading products and algorithms are
widely used among the Proprietary and Arbitrage trading community
and are approved for use on exchanges throughout India. The vendor
is also one of the leading providers of Institutional Order
Management solutions – providing Fix, direct market access
(DMA), algorithmic solutions to top multinational and leading
domestic investment banks and brokerage firms.
Progress' Apama platform is a comprehensive Complex Event
Processing (CEP) based system for building sophisticated
multi-asset applications for low latency trading, risk and
compliance - with sub-millisecond latency. One of the leading
platforms for high velocity capital markets applications, Apama
enables traders to be more operationally responsive to changing
market conditions with real-time data analysis and visibility into
enormous amounts of events.
Commenting on the strategic initiative Shrikant Pandit, Managing
Director, Omnesys, said, “The strategic partnership will
augment our offerings in the fast growing market for advanced
algorithmic trading software in India. Omnesys has always led the
way in trading technology for capital markets. We have a large
installed base of our Order Management Systems (OMS) users who
perform their algorithmic trading tasks using Omnesys products. Our
strategic partnership with Progress Software will enable us to
broaden our product offering and to offer the most advanced
algorithm trading solution on the most advanced OMS platform in
India.”
John Bates, Chief Technology Officer, Progress Software and
founder of Progress Apama said that thanks to the joint initiative,
algorithmic and high-frequency trading firms now have a simple,
flexible, low latency trading solution that combines the power of
the Progress Apama Algorithmic Trading platform with the Omnesys
Order Management Systems.
“As interest in algorithmic and high frequency trading
continues to grow, financial institutions across the globe are
seeing the need to provide customized services for their clients.
This strategic partnership between Progress and Omnesys underlines
each company’s leadership in this space globally and in India
respectively. The key to success is to offer customized and
localized algorithmic capabilities to their clients using the Apama
product; while Omnesys provides its clients with one more tool they
need to remain competitive,” commented Bates.
How to Get Started with Enterprise Risk Management
A lot of companies want to make changes and enhance the maturity of their risk management initiatives but don’t know what steps to take. This whitepaper explain a tactical plan for establishing a risk management program that is quick to return significant value.
Keep yourself updated on latest news and articles from the BFSI segment