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Omnesys ties up with USE for Automated Trading
Bangalore | Tuesday,Aug,2,2011 IST
 
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Omnesys Technologies, a leading provider of multi-asset trading software and systems and an Independent Software Vendor (ISV), today announced its tie-up United Stock Exchange (USE), India s specialist currency exchange, USE, headquartered in Mumbai, is claimed to be India s newest stock exchange for currency derivatives with 415 registered trading members and 51 clearing members. Commenting on the tie-up, Mr Shrikant Pandit, Managing Director, Omnesys said in a release here, NEST, the company s market leading platform, is designed to service customers with improved trading capabilities facilitating order management and execution capabilities. The current version of the software is equipped with appropriate tools that allow members to actively manage their trades. Mr T S Narayansami, MD & CEO of USE said that algorithmic trading has been picking up at our platform with more & more members expressing interest and opting for ATS operations through Omnesys to take advantage of opportunities that can be explored in currency markets presently. At present, USE offers four currency pairs that are USD-INR, BP-INR, Euro-INR and Yen-INR. As the market matures, USE intends to launch other currency pairs and open interest derivatives. USE has the approval from the Securities and Exchange Board of India (SEBI) to commence operations in currency options. UNI MSP RS GM 1325 NNNN

-- (UNI) -- 02mc9.xml

 

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