The financial market industry and community has welcomed the launch of DMA Live! (direct market access) solution by Financial Technologies (India) Limited.
DMA LIVE! from Financial Technologies is built on ODIN suite of products and will allow clients direct control of their trades without depending on the broker for trade execution. DMA LIVE! will leverage the integration with ODIN solution platform, the market leading OMS (Order Management Solution) that Financial Technologies provides to over 80% of the large institutional and brokerage clients. The number of trading licenses of the ODIN platform has seen a 95% growth from 164,000 in March 07 to over 320,000 in March 08.
DMA LIVE! offers direct control over orders, faster execution, reduced errors, greater transparency, increased liquidity, lower impact costs for large orders, and better audit trails. Financial Technologies has implemented DMA LIVE! solutions for large brokerage and financial institutional clients that are potential users of DMA, and has also provided them with a complete solution connecting domestic buy side with sell side through an Execution Management System (EMS) that gives them an edge over other providers. Domestic and foreign brokers can provide this facility to their high volume Institutional clients. For full article click here
Source: Finextra 07.08.2008
Filed under: News, Asia, メタビット, BSE Bombay Stock Exchange, DMA Direct Market Access, FIX, India, MetaBit, Mumbai, Order Routing, Trade Connectivity
