Financial Tech to help define industry standards

Financial Technologies India Ltd (FTIL) has joined the STAC Benchmark CouncilTM to help define industry standard performance metrics for trading technology solutions.

FTIL is the pioneer in introducing end-to-end STP solutions that support high-density transactions for equity, forex, commodity and derivatives markets. FTIL covers all stages of a trade life cycle — pre-trade, trade and post-trade — to deliver single-point transaction fulfilment.

The STAC Benchmark Council is a global industry body consisting of leading trading organisations and vendors, facilitated by the Securities Technology Analysis Centre (STAC-R). The council develops standard benchmarks for technology used in the capital market. End-user firms such as brokers, hedge funds, exchanges and alternative trading systems control the STAC BenchmarksTM through their votes, keeping the benchmarks tide to real business needs.

As part of the STAC Benchmark Council, FTIL will contribute to these benchmark specifications. Vendor-neutral, customer-driven specifications will allow FTIL to demonstrate the power and performance of its DOME (Distributed Order Matching Engine) trading solutions. DOME is a multi-asset exchange product suite, offering an integrated matching engine, including Order Management & Routing Engine, Risk Management & Surveillance Engine, Data Distribution Engine and various interfaces for clearing and settlement.

With FTIL’s extensive and interactive experience in developing such systems, it will contribute the maximum in terms of standardisation and benchmarking in development of a global exchange technology.

“Technology for the financial markets is going through a rapid shift. Innovations in the algorithmic trading systems, exchanges automation systems and order management systems demand a common language for performance in all markets. We look forward to contributing to the global benchmarking the best practices embodied by STAC Benchmarks and STAC Test Harnesses. We will also subject our solutions to these benchmarks and are confident that these standards will demonstrate the power and performance of our products,” said Dewang Neralla, director (technology), FTIL.

Relevant benchmark standards are a big opportunity for trading-system owners to improve how they choose technology upgrades and make buy-vs-build decisions. STAC Benchmarks and STAC Test Harnesses help customers pinpoint where their trading systems fall short of the state-of-the-art technology, while simplifying the shortlist and due diligence processes for new products.” said Peter Lankford, founder and director of STAC.