Financial tech to help define industry standards

Mumbai
Business Standard
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 fulfillment.

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.