Financial Technologies India Ltd. (FTIL), a world leader in trading technology and development of next generation multi-asset financial markets, today announced that MCX, India's No. 1 commodity exchange, has successfully migrated to the latest version of exchange technology - Dome and clearing and settlement solution - CnS.
The new versions of DOME and CnS give traders a completely unique experience with introduction of globally accepted new functionalities and performance aspects.
With functionalities already available in earlier version and after deployment of new version, MCX offers a rare combination of superior technology, user friendliness and performance in the Indian market with offerings like Combination order, Spread order, EFP (Exchange for Physical), FIX-based connectivity, Open Interest alerts, SPAN based risk margining system, Auction and many other market friendly features.
The Financial Technologies group is among the global leaders in offering technology IP (Intellectual Property) and domain expertise to create and trade on next-generation financial markets that are transparent, efficient and liquid, across all asset classes including equities, commodities, currencies and bonds among others. FTIL is the pioneer in introducing end-to-end STP solutions that support high-density transactions for the 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.
FTIL's exchange technology, DOMETM 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.
Mr. P K Singhal, Deputy Managing Director, MCX, said, "The new version has generated an encouraging response from the trader community. It has some excellent new features that will meet MCX's ever-growing demand for value-added performance. MCX is committed to provide best-in-class technological advancements by bringing solutions that address our customers' top trading needs.
Mr. Jigish Sonagara, Sr. Vice President, Exchange Technology, FTIL, said, "We are focused onon deliveering exchange platforms that provides our partners with the ability to manage their functional and performance requirements. Besides providing a host of new functionalities, the latest version of DOMETM boasts of a highly enhanced user experience. We continuously strive to provide innovative and globally accepted technology to our partners".