In yet another remarkable development, Mumbai-based Broking Services firm M/S Satco Securities & Financial Services Ltd has gone live on all the leading financial exchanges, using the Internet-based trading (IBT) platform developed by Financial Technologies India Limited (FTIL).
FTIL's trading platform is a high-end integrated trading application developed for retail traders. It is a web-enabled user friendly front-end interface for trading across various asset classes such as Equities, Futures & Options, Commodities, Currency and Spot, using a standard browser. With this move, Satco has joined the league of several other leading broking firms who earlier shifted gears to move to FTIL's IBT platform.
It is a new-generation easy-to-access client-level trading application which provides streaming quotes on a real-time basis, enabling traders to send buy/sell orders directly to the exchange, following the necessary orders and Risk Management System (RMS) validations.
"We have adopted FTIL's trading platform as we were keen to have a single RMS platform for IBT as well as Computer-to-Computer Link (CTCL) trading," explained a Satco Group official. Superior product features, product performance, low bandwidth, highly-acceptable Graphical User Interface and uniform support mechanisms are some other driving factors which inclined the financial services company towards this platform, the official added.
FTIL's IBT platform scores over its peers on many fronts. Against a bandwidth of 15-17 kbps offered by other platforms for trading in the first 20 scrips, the bandwidth of FTIL's platform is much lower at 7-8 kbps. "Our trading platform, with its low bandwidth, provides much better access to market information about top gainers and losers of securities and contracts," said Manjay Shah, Director (Business Development), FTIL.
What also attracted the Satco Group to the FTIL platform were features such as single sign-on for all investment opportunities (Indians and Non-Resident Indians), live & historical charting, After-Market Orders, Paperless Reports, Investment Tools and Online Portfolio, explained the Satco Group official. The platform works on advanced technology algorithm, facilitating higher accessibility and availability ensuring 'anywhere' and 'anytime' trading facility and delivering high-speed performance on a low bandwidth requirement.
Besides, Satco Group has also designed a new trading platform (SatcoDirect) with the latest technology and flexible options in a manner that enables the end-user (investor) to get multiple opportunities to stay tuned with India's financial markets with complete security and transparency.
FTIL played a significant role of being a customized solution provider to Satco in this venture. This platform works on the principle of optimization of hardware and network requirement at the end-trader level and has been designed considering the mobility of investors and ease of access to real-time trading facilities, Manjay. Shah added.