New Dehli, October 26,2009: The entry of FIX Protocol into India couldn’t be at a more opporune moment. It signifies the maturity in the Indian capital market vis-a-vis global markets.
FIX is an unexplored area in India and Religare Technova Global Solutions Limited (RTGSL) has identified it as its key focus in its current strategy. To further reiterate its commitment to the domain, the company is also sponsoring the FIX Protocol Face2Face event in Mumbai on October 29, 2009.
In conjunction with the sponsorship, Daniel Burgin, CEO – MetaBit, a business partner of Religare Technova, has also been invited to share his views at the event. Metabit is a major provider of FIX based high speed, low latency global order routing execution services based out of Japan. Metabit is also a specialist in the provision of program trading consultancy and provides a Global ASP solution.
In the past, systems have been interacting with each other using proprietary communication protocols for data interchange. This has always made systems very rigid and inflexible to change. FIX is the global standard for financial information interchange. FIX allows myriad systems to interchange vast varieties of data by channelizing them through a common standardized protocol.
Globally, few organizations have been early adopters of the Financial Protocol. However in India, FIX is in a nascent concept. Religare Technova is blazing the trail in bringing FIX to India and by incorporating FIX into its Products Suite.
According to Ralph Horne, CEO, Religare Technova Global Solutions Pty Ltd, “Continuous improvement and research on FIX by the open source environment has contributed significantly to the growth of the engine and provides the flexibility to add more functionalities with continuous performance improvement over a period of time. We look forward to being pioneers in bringing this into India.”
Source: Religare, 26.10.2009
Filed under: Asia, FIX Connectivity, India, Japan, News, Trading Technology, Daniel Burgin, FIX, India, MetaBit, Order Routing, Ralph Horne, Religare Technova, Trade Connectivity
[...] original here: India: Religare Technova associates with Fix Protocol « FiNETIK … Share and [...]