Marketplace Tech Infra Services (MTISPL), a 100 percent subsidiary of Bombay Stock Exchange (BSE), today, signed a Memorandum of Understanding (MoU) with Thomson Reuters, the world’s leading source of trusted answers for businesses and professionals, to offer value added services to its members.
Through this partnership, BSE members will be able to avail Thomson Reuters powered solutions-proTRade, i3 Algos and Bracket Order on mobile device as well as dealer terminal.
Earlier in 2017, BSE deployed BEST (BSE Electronic Smart Trader), a robust, state-of-the-art hosted trading solution built on Thomson Reuters Omnesys NEST, for BSE members and customers. proTRade, Thomson Reuters exchange certified mobile app, will help BSE members and their customers trade securely on BEST platform.
i3 Algos built on Thomson Reuters NEST platform will provide investors comprehensive tools with predefined set of highly sophisticated and comprehensive algorithms for customers to choose from, to execute their orders programmatically in a short span of time.
Bracket Order, a Thomson Reuters solution will enable BSE members and their customers to place orders by entering parameters for taking new positions, squaring off the positions and keeping a stop loss for those positions.
Speaking on this development, Ashishkumar Chauhan, MD & CEO, BSE said, ‘’We are extremely delighted to offer mobile trading application on BEST platform.
This will enable members to provide all different types of front end access (Exe, Browser and Mobile) available, so that investors can trade using any preferred mode. It shall be our endeavor to provide members world class technology to access domestic and international exchange.’’
Pradeep Lankapalli, Managing Director, Thomson Reuters, South Asia said, ‘’We are delighted to further strengthen our association with BSE. Our solutions for the BEST platform will help promote agility and efficiency in trading and enable the broking industry achieve greater scalability, transparency and innovation.’’