OMNESYS goes live with connectivity to DGCX

Published July 20th, 2010 - 09:07 GMT

Dubai Gold & Commodities Exchange (DGCX) today announced that OMNESYS Technologies Pvt Ltd, a leading technology provider of trading systems in India, has become an approved Independent Software Vendor (ISV) on the Exchange.

The company's trading system OMNESYS NEST™ is used by top institutions to access various Indian stock and commodity exchanges. OMNESYS provides market data and connectivity solutions to both buy-side and sell-side firms and the trading system is available either as a hosted solution or a 'Software as a Service' (SaS) solution.

Speaking on the benefits that OMNESYS will bring DGCX members, Eric Hasham, Chief Executive Officer, DGCX, said, "Our partnership with OMNESYS strengthens our objective to provide a wide range of global trading solutions to our members. OMNESYS becomes the first Indian software vendor to go live on the Exchange using FIX, enabling members to access DGCX's range of products via their widely used trading solution."

OMNESYS NEST™ provides a multi-asset, multi venue trading system, including an Order Management System and comprehensive pre-trade risk management systems. It supports various types of front ends, automated trading systems and algorithms. The product suite also provides Financial Information eXchange (FIX) execution capabilities and APIs for both buy and sell side firms.

Shrikant Pandit, Managing Director of OMNESYS said, "We are delighted to be an approved software provider on DGCX. OMNESYS has a wealth of experience and expertise in providing trading solutions to financial institutions and commodity participants as a result of being an empanelled software provider on leading Indian exchanges. Our flagship product NEST has been deployed by many brokerage houses across India and we now look forward to serving the trading community in the Middle East via our partnership with DGCX."

OMNESYS head office is based in Bangalore, India. It also has offices in Mumbai, New Delhi, Kolkatta and Mangalore. 

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