LSE's GATElab launches low-latency risk gateway to National Stock Exchange of India

Source: GATElab

GATElab, the financial software Company, part of London Stock Exchange Group, has launched an ultra low latency service risk gateway to the National Stock Exchange of India (NSE).

The solution enables users to send orders to the NSE equity derivatives segment in less than 30 microseconds, if all the pre-trade risk checks are met, and encompasses:

  • Incoming FIX session from end users
  • Hard Real Time Pre-trade risk checks (17 checks, including SPAN calculation)
  • Outgoing connection to the Exchange using the NSE native protocol

The flexibility and robustness of such a solution enables GATElab to offer to its end users ultra low latency service risk gateways for any market of interest. Additional risk checks can be added at the request of the customer with a user friendly GUI allowing them to monitor flow and run reports.

NSE’s FX derivatives segment will be the next area to be made available via the gateway.

Chris Corrado, Group Chief Information Officer, London Stock Exchange Group said: “GATElab’s advanced capital market technology products have proven to be a key driver of business success. We believe this is just the first step towards further market innovative solutions for the Group, our partners and clients”.

Ferdinando La Posta, GATElab Co-founder and CEO said: “The addition of the NSE strengthens GATElab’s offering in the low latency global landscape. We intend to expand our offering by adding more markets, reducing latency and increasing efficiencies for our customers. The National Stock Exchange of India is the first market in the Asia-Pacific region and we look forward to working with other exchange partners in the near future”.  

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