TradingScreen, a provider of liquidity, trading and investment technology via SaaS, has launched its service in the Indian insurance sector along with an agreement with three local brokers, Edelweiss, Antique and Motilal Oswal.
The three firms have implemented TradingScreens execution management system (EMS) in order to comply with local Insurance Regulatory and Development Authority (IRDA) regulations.
Under the agreement with the brokers, clients will get real-time access to the Indian market through the brokers along with the firms algorithms via TradeSmart, TradingScreens customized front-end Graphical User Interface (GUI) for accessing the markets.
We are proud to be adding many of Indias premier financial services firms to our growing list of institutional broker destinations, says Nathan Walker, head of Sales, South East Asia and Australia, TradingScreen. India is an important market for TradingScreen and we are very pleased with the buy sides acceptance of TradeSmart in Mumbai. These new agreements reflect our growing strength in India and underpin the investment decision we made earlier last year to focus on India as brokers also invest in Smart Order Routing technology and algorithms.
Vibhanshu Bahuguna, head of Sales, India, TradingScreen, adds: Driven by clients, insurance companies in India are always looking for more efficient ways to comply with the IRDA regulatory requirements. We are pleased that three of the top 10 Indian insurance sector companies chose TradingScreens TradeSmart EMS in order to ensure this. TradingScreen is often called upon to provide bespoke solutions whether it is in the front, middle or back office.
(CG)