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Gatelab, a financial software company and part of London Stock Exchange Group, has become an approved provider of risk gateway services for third party clients accessing the Bombay Stock Exchange (BSE).
The solution enables users to send orders to the BSE currency derivatives segment in ultra low latency, if all the pre-trade risk checks are met.
It encompasses incoming FIX Session from end users; Hard real time pre-risk checks and outgoing connection to the exchange using the BSE native protocol.
Ashishkumar Chauhan, MD & CEO, BSE said that BSE has a proven track record of offering customers connectivity through high quality technology vendors.
"We are delighted to add Gatelab to that roster of firms. Part of London Stock Exchange Group, Gatelab has a long history of delivering low latency front end solutions for a range of clients", he said.
Ferdinando La Posta, Gatelab Co-Founder and CEO said: "We are delighted to become an approved vendor for the Bombay Stock Exchange and its substantial client base. We intend to expand our offering by adding more segments of the BSE and more markets in the Asia-Pacific region, reducing latency and increasing efficiencies for our customers".
Srivats.kr@thehindu.co.in
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