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| ACE announces tie up with Bangalore based Omnesys Technologies |
| Announcement / Corporate Nov 10, 2010, 19:24 IST |
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Omnesys becomes an approved vendor for providing CTCL solution on the Exchange
Ace Derivatives and Commodity Exchange (ACE), which went live on October 27, 2010, has announced that the Exchange feed is now available on CTCL (Computer To Computer Link) platform developed by Bangalore based Omnesys Technologies, a technology company which develops products for the Securities Market segment in the BFSI space. Omnesys is the first vendor to be empanelled as a CTCL vendor by ACE.
ACE is a screen based online derivatives exchange for commodities anchored by the Kotak Group as a majority stake holder.
With this tie up, ACE members can now use Omnesys CTCL solution to access and trade on the ACE platform. The trading system OMNESYS NEST™, provided by Omnesys is used by top institutions and brokers to access various Indian stock and commodity exchanges. Omnesys provides market data and connectivity solutions to both buy-side and sell-side firm. This front-end may also be extended to end clients. Using this solution, members can effectively manage their client’s risks and margins on a real time basis.
Speaking on the occasion Mr Dilip Bhatia, CEO, ACE said ”Our endeavor is to provide best in class service to our members and bring in efficiency in the system so that all stakeholders benefit, and this is a step in that direction"
Shrikant Pandit, Managing Director of Omnesys said, “We are delighted to be an approved software provider on ACE. OMNESYS has a wealth of experience and expertise in providing trading solutions to financial institutions and commodity trading participants as a result of being an empanelled software provider on all leading Indian exchanges. Our flagship product NEST has been deployed by many brokerage houses across India and we now look forward to serving the trading members of the newest commodity exchange in India.”
About ACE
Ace Derivatives and Commodity Exchange Limited is a screen based online derivatives exchange for commodities anchored by the Kotak Group as a majority stake holder. Ace Commodity Exchange, earlier known as Ahmedabad Commodity Exchange Limited, has been in existence for more than 5 decades in Commodity Derivatives Business, bringing in the best and transparent Business Practices in the commodity space.
The Kotak group the anchor investor in the Exchange has pioneered many business practices existing in the financial services industry over the last 25 years. With “Ace”, they bring to the market a new, state-of-the-art trading platform which combines the operational efficiency of global exchanges with deep domain expertise in each commodity vertical, be it Agriculture, Bullion, Base Metals or Energy.
About Omnesys
Omnesys Technologies Pvt. Ltd is a leading provider of Order Management Systems and a Algorithmic trading platform provider. Omnesys products are used extensively by institutions, exchanges, brokers, traders and prop trading desks all over the world. As a leading low latency, high frequency trading platform Omnesys NEST provides significant liquidity, market making opportunities and arbitrage opportunities across various asset classes and in multiple venues.
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