BSE India, formerly known as Bombay Stock Exchange, has entered in an agreement with Financial Technologies India (FTIL), provider of technology intellectual property and domain expertise to create next-generation financial markets, to re-launch its equity derivatives segment. The move will allow BSE members to conduct their equity derivative trades on the FTIL’s trading software platform Open Dealer Integrated Network (Odin).
MCX Stock Exchange, National Commodity & Derivative Exchange, National Multi-Commodity Exchange of India and Multi Commodity Exchange of India are among the Indian exchanges using the platform, which offers real-time connectivity to exchanges and its back-office systems with faster inter-segment trading. The partnership will allow BSE to implement the two-tier series of its market-making scheme Liquidity Enhancement Incentive Programmes.
Click here for the release from BSE India.