Evolution of Advanced Trading Technologies in India.pdf

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1、EvolutionofAdvancedTradingTechnologiesinIndiaARINRAYARINRAYnthebroadercontextoftechnologicalAlternativetradingsystems(ATS)aswellasisananalystatCelentinnovationsinmarketsworldwide,Indiacrossingsystemshelpoffermarketpartici-inBangalore,India.hasseensignificantadoptionofadvancedpantsanony

2、mity,anddarkpoolstakeittothearay@celent.comItradingtechnologyinitscapitalmarketnextlevel.Algorithmictradinginitscom-inthelastfiveyears.BecauseofIndia’seco-pleteformoperateswhenallofthesebuildingnomicliberalizationandtheintegrationblocksareavailableinamarket.ofIndianmarketswithinternati

3、onalones,InIndia,multiplevenuesandcolocationmanyoftheglobalchangeshavefoundtheirfacilitiesareavailable.IndiahastraditionallywayintotheIndianmarket,albeitatasloweroperatedinamulti-exchangeenvironment.pace.ThistrendwasboostedbythegrowthColocationhasbeenarecentaddition,withininternational

4、participation(bothinvestorsboththeNSEandBSEprovidingsupporttoaswellasserviceproviders)intheIndianaccesscolocatedservers.Colocationfacilitiesmarket.Theincreasedinternationalpar-allowparticipantstogainsuperiorspeedofticipationalsoforcedmanydomesticplayersoperations:afeedupdateevery3to4mi

5、lli-tomoveuptoglobalstandardstoremainsecondsforcolocatedservers,comparedwithcompetitiveinthechangingenvironment.anaverageof25to30millisecondsforthoseThe1992introductionofanewexchangeinwithoutthisoption.India,theNationalStockExchange(NSE),DMA,launchedin2008,hasseenmod-broughtmuch-needed

6、competitiontotheerateadoption.DMAisalsoboostingtheTheJournalofTrading2012.7.4:65-67.Downloadedfromwww.iijournals.combyon12/05/12.exchangelandscape,whichpreviouslywasgrowthofexecutionalgorithmsasmoreanddominatedbytheBombayStockExchangemoreinternationalplayersprovidealgotrading(BSE).solu

7、tionsfortheircustomers.Marketsophis-Thebasisofalltechnologyadoptionticationhasnotyetreachedastageatwhichisconnectivity,afundamentalbuildingATSordarkpoolswillbesupportedintheItisillegaltomakeunauthorizedcopiesofthisarticle,forwardtoanunauthorizeduserortopostelectronicallywithoutPublis