India's NSE Gets Low Latency Deployment

Orc, a provider of technology and services announced that PhillipCapital, India (PhillipCapital) has deployed Orc Access to meet the growing market demand for low-latency connectivity in India.

PhillipCapital has completed the necessary regulatory certifications for its Orc installation and is now able to provide international trading firms with high-speed Direct Market Access (DMA) to the National Stock Exchange of India Ltd. (NSE). The Orc deployment empowers PhillipCapital to meet the low-latency demands of international trading firms looking to execute cash, futures and options on the NSE without the need to obtain exchange membership.

“Apart from Orc’s speed and performance, we were impressed with the robust real-time Risk Management Risk Management One of the most common terms utilized by brokers, risk management refers to the practice of identifying potential risks in advance. Most commonly, this also involves the analysis of risk and the undertaking of precautionary steps to both mitigate and prevent for such risk.Such efforts are essential for brokers and venues in the finance industry, given the potential for fallout in the face of unforeseen events or crises. Given a more tightly regulated environment across nearly every asset class, One of the most common terms utilized by brokers, risk management refers to the practice of identifying potential risks in advance. Most commonly, this also involves the analysis of risk and the undertaking of precautionary steps to both mitigate and prevent for such risk.Such efforts are essential for brokers and venues in the finance industry, given the potential for fallout in the face of unforeseen events or crises. Given a more tightly regulated environment across nearly every asset class, Read this Term capabilities within the system. This powerful addition allows us to satisfy the low-latency trading needs of our international clients.” said Vineet Bhatnagar, Managing Director, PhillipCapital, India.

“Having our products certified by the NSE for direct, non-membership, market access is a significant milestone for our expansion inIndiaand a great testament to the attention Orc pays to the business and regulatory needs of our customers on a global basis,” said Greg Chambers, President APAC, Orc. “Through close co-operation with PhillipCapital, we have established a world class offering that satisfies the demands of our international trading customers looking to access the NSE via a local broker member.”

The Orc Access solutions allow brokers to offer buy-side firms access to Liquidity Liquidity The term liquidity refers to the process, speed, and ease of which a given asset or security can be converted into cash. Notably, liquidity surmises a retention in market price, with the most liquid assets representing cash.The most liquid asset of all is cash itself.· In economics, liquidity is defined by how efficiently and quickly an asset can be converted into usable cash without materially affecting its market price. · Nothing is more liquid than cash, while other assets represent The term liquidity refers to the process, speed, and ease of which a given asset or security can be converted into cash. Notably, liquidity surmises a retention in market price, with the most liquid assets representing cash.The most liquid asset of all is cash itself.· In economics, liquidity is defined by how efficiently and quickly an asset can be converted into usable cash without materially affecting its market price. · Nothing is more liquid than cash, while other assets represent Read this Term pools including exchanges and ECNs, without the need for exchange membership. Orc provides the ability for the member firm to set and control trading limits and monitor order and trade flows of their customers on a real time basis via its Orc Flow Control product set.