NCDEX live with new trading and surveillance software, NextGen
Technology is “the beating heart” of NCDEX
India-based National Commodity and Derivatives Exchange (NCDEX) has launched NextGen – a new trading and surveillance system developed by MillenniumIT (a trading tech subsidiary of London Stock Exchange).
The NextGen system is “among the country’s fastest trading systems”, NCDEX says. It has a processing capacity of 1,000 orders per second (which can go up to 3,000 orders per second) and supports FIX protocol.
“It will bring a more dynamic experience to users, with features such as tick-by-tick broadcast and ease of executing complex trading strategies. It will speed up order execution by five times. It will also be better suited to offer products such as options and indices, besides handling high frequency/algo trading,” the commodity exchange states.
Samir Shah, MD and CEO, NCDEX, says technology is “the beating heart” of the company.
