Indian Exchange Deploys First Derivatives' Algo Testing Software
- The National Stock Exchange of India's deal adds a flagship global Exchange to FD's customer base in a strategically important region.
According to a filing by First Derivatives plc (AIM:FDP) to the LSE where it is listed, the provider won a contract with the National Stock Exchange Stock Exchange A stock exchange, also known as a securities exchange or bourse represents is a facility where stockbrokers and traders can buy and sell securities.This includes shares of stock, bonds, exchange-traded funds (ETFs), or other financial instruments. By extension, stock exchanges can also provide facilities for the issue and redemption of such securities and instruments and capital events including the payment of income and dividendsStock exchanges have developed into a permanent fixture in the fin A stock exchange, also known as a securities exchange or bourse represents is a facility where stockbrokers and traders can buy and sell securities.This includes shares of stock, bonds, exchange-traded funds (ETFs), or other financial instruments. By extension, stock exchanges can also provide facilities for the issue and redemption of such securities and instruments and capital events including the payment of income and dividendsStock exchanges have developed into a permanent fixture in the fin Read this Term of India Limited (NSE) to supply a range of trading services.
The solution is based on FD's kdb+ software platform and has already undergone a successful user testing. The system is now switched online and as a result NSE is now able to provide its clients with the capability to test their algorithms before they are made live.
Under the terms of the contract, FD will provide an Algorithmic Testing Facility which will allow NSE market participants to test the impact of their algorithms before they are deployed in production, using trade simulators to replay historical data, create market "noise" and generate extreme market shocks to explore the robustness and efficacy of new algorithms.
Ravi Varanasi, Chief, Business Development, NSE commented: "The system is expected to deliver value added services to the market participants. We can now provide Algo Test facility and accompanying data Analytics Analytics Analytics may be defined as the detection, analysis, and relay of consequential patterns in data. Analytics also seeks to explain or accurately reflect the relationship between data and effective decision making. In the trading space, analytics are applied in a predictive manner in an attempt to more accurately forecast the price. This predictive model of analytics generally involves the analysis of historical price patterns that are used in an attempt to determine certain price outcomes. Analyt Analytics may be defined as the detection, analysis, and relay of consequential patterns in data. Analytics also seeks to explain or accurately reflect the relationship between data and effective decision making. In the trading space, analytics are applied in a predictive manner in an attempt to more accurately forecast the price. This predictive model of analytics generally involves the analysis of historical price patterns that are used in an attempt to determine certain price outcomes. Analyt Read this Term to the market participants when they want it. Through individual, group and crowd tests the market participants may track an algorithm's efficiency within and across clients."
Brian Conlon, Chief Executive Officer of FD, commented: "This is an important win for FD, once again referencing our software's ability to manage large volumes of real time data and, in this case, help Exchanges protect their integrity while allowing their market participants to deploy algorithms quickly and safely. We are delighted to welcome NSE as a client."
According to a filing by First Derivatives plc (AIM:FDP) to the LSE where it is listed, the provider won a contract with the National Stock Exchange Stock Exchange A stock exchange, also known as a securities exchange or bourse represents is a facility where stockbrokers and traders can buy and sell securities.This includes shares of stock, bonds, exchange-traded funds (ETFs), or other financial instruments. By extension, stock exchanges can also provide facilities for the issue and redemption of such securities and instruments and capital events including the payment of income and dividendsStock exchanges have developed into a permanent fixture in the fin A stock exchange, also known as a securities exchange or bourse represents is a facility where stockbrokers and traders can buy and sell securities.This includes shares of stock, bonds, exchange-traded funds (ETFs), or other financial instruments. By extension, stock exchanges can also provide facilities for the issue and redemption of such securities and instruments and capital events including the payment of income and dividendsStock exchanges have developed into a permanent fixture in the fin Read this Term of India Limited (NSE) to supply a range of trading services.
The solution is based on FD's kdb+ software platform and has already undergone a successful user testing. The system is now switched online and as a result NSE is now able to provide its clients with the capability to test their algorithms before they are made live.
Under the terms of the contract, FD will provide an Algorithmic Testing Facility which will allow NSE market participants to test the impact of their algorithms before they are deployed in production, using trade simulators to replay historical data, create market "noise" and generate extreme market shocks to explore the robustness and efficacy of new algorithms.
Ravi Varanasi, Chief, Business Development, NSE commented: "The system is expected to deliver value added services to the market participants. We can now provide Algo Test facility and accompanying data Analytics Analytics Analytics may be defined as the detection, analysis, and relay of consequential patterns in data. Analytics also seeks to explain or accurately reflect the relationship between data and effective decision making. In the trading space, analytics are applied in a predictive manner in an attempt to more accurately forecast the price. This predictive model of analytics generally involves the analysis of historical price patterns that are used in an attempt to determine certain price outcomes. Analyt Analytics may be defined as the detection, analysis, and relay of consequential patterns in data. Analytics also seeks to explain or accurately reflect the relationship between data and effective decision making. In the trading space, analytics are applied in a predictive manner in an attempt to more accurately forecast the price. This predictive model of analytics generally involves the analysis of historical price patterns that are used in an attempt to determine certain price outcomes. Analyt Read this Term to the market participants when they want it. Through individual, group and crowd tests the market participants may track an algorithm's efficiency within and across clients."
Brian Conlon, Chief Executive Officer of FD, commented: "This is an important win for FD, once again referencing our software's ability to manage large volumes of real time data and, in this case, help Exchanges protect their integrity while allowing their market participants to deploy algorithms quickly and safely. We are delighted to welcome NSE as a client."