Redline Trading Solutions, a performance market data and order Execution solutions provider, has seen its gateway utility adopted by India’s BSE, Ltd., formerly the Bombay Stock Exchange Ltd, per a company statement.
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The integration of Redline’s solutions is important as it expands the breadth and scope of BSE’s client capabilities via the group’s market data and order execution gateway functionality. This is important as it helps enable firms trading on this exchange to receive and act upon real-time price and order book information in a more streamlined manner relative to traditional means.
According to Mark Skalabrin, Chief Executive Officer (CEO) of Redline Trading Solutions, in a recent statement on the assimilation: “Our support for BSE brings Redline’s high-performance technology to one of the world’s fastest exchanges. Adding BSE is an important step in expanding our support for global exchanges.”
Redline’s InRush feed handler has already been adopted due to its de-facto partnership with Deutsche Börse. The adoption of the order execution gateway solution follows on the heels of BSE’s support of Redline’s enhanced order Book Interface (EOBI) protocol. Subsequently, Redline’s support for BSE will now cover such asset classes as equities, derivatives, and currency markets.
