Financial Daily from THE HINDU group of publications
Friday, Jan 25, 2002
Financial Daily from THE HINDU group of publications Friday, Jan 25, 2002 |
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Info-Tech
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Software Markets - Stock Exchanges Singapore stock exchange to have SDG software V. Rishi Kumar
HYDERABAD, Jan. 24 SDG Software Technologies, a Hyderabad-based IT solutions provider for capital markets addressing automation-related issues for the trading community, has been approved by the Singapore Stock Exchange for phase I connectivity with its products. With this solution, SDG will provide traders and members of the Singapore stock market direct online connectivity using Orion. This is based on FIX, (Financial Information Xchange) protocol. Along side this, SDG has also announced the launch of its new upgraded Version 5 of iBOSS. IBOSS, an order and risk management software, both for cash and derivative segments, is already in use at a large number of installations across the company. The Managing Director of SDG Software Technologies, Mr Suheim Sheikh, told Business Line, that with the rapidly increasing complexity of exchange-traded products such as futures & options, the trading workstation also needs to incorporate a vast array of complex tools and risk containment techniques. Version 5, which is to be released in March, will be able to satisfy an internationally-compiled wish list and is designed to handle any number of exchanges on a single screen. Cross-border global traders will benefit from this software especially when combined with the multi-currency version Workhorse, the company's BackOffice offering. According to Mr Sheikh, this software will have host of features including real-time analytic, multi-currency, advanced graphics and advanced risk management capability. In addition, Version 5 will have fresh concepts such as volatility, most volatile sectors in the Indian trading market. With this, a strategy viewer to be incorporated will determine the risk of all trading strategies prior to order placement. The sophisticated tools built into the system would enable traders to leverage host of new features, he said.
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