RTS and Association of National Exchanges Members of India (ANMI) to Host Algorithmic Trading Initiative in India

Series of Workshops in Mumbai, Delhi, Kolkata and Hyderabad to Educate Traders and Brokers on Algorithmic Trading Solutions

Jun 09, 2010, 07:00 ET from RTS Realtime Systems Group

SINGAPORE and MUMBAI, India, June 9 /PRNewswire/ -- RTS Realtime Systems Group, a leading global trading solutions provider, announced that it has teamed up with a major trade association in India on an initiative to increase the knowledge and use of algorithmic trading solutions among professional traders in India. The educational effort with the Association of National Exchanges Members of India (ANMI) will include a series of hands-on workshops on how to strategically and efficiently use algorithmic trading.

Also known as high-speed automated trading, algorithmic trading enables financial institutions and professional traders to execute complex trading strategies and manage risks involving multiple orders in a fraction of a second. This high-velocity trading technique has grown substantially in advanced capital markets.

ANMI is the pan-India body of more than 800 members of India's two largest stock exchanges, the National Stock Exchange of India Ltd. (NSEIL) and the Bombay Stock Exchange (BSE). The workshops will take place in the four regional chapters of ANMI based in Mumbai, Hyderabad, Kolkata and Delhi.  

Alex Lamb, RTS Executive Board Member, said: "We are very proud to team up with ANMI on these unique workshops on algorithmic trading. A similar effort we undertook in Singapore with the Association of Financial and Commodity Traders (AFACT) has been very popular and successful. There are so many talented traders and programmers in India, and a growing number of them are looking for more sophisticated, proven trading solutions used by market participants globally. "

RTS recently announced the global launch of a first-of-its kind trading solution combining the advantages of "point-and-click" and algorithmic trading. Called RTD Tango Trader, it is designed to leverage firms' existing infrastructure and enable more brokers, traders and clients to benefit from customized algorithms.

Anil Bagri, President of ANMI, said: "India has a particularly large population of brokers and traders. Part of our mission at ANMI is to educate all market participants to be better equipped to compete with national and international firms.  These initial workshops with RTS are part of a concerted effort to educate our members about the latest technology innovations and equip them with the best tools."

ANMI also serves as a think tank designed to foster India's growth in the financial arena and pave the way for India to serve as an important "international financial hub," Bagri said.  The association's goals for 2010 include helping its members provide world-class services to their customers, helping develop market infrastructure and product innovation; creating awareness and education for all market participants; and increasing the size of the market for its members in India and abroad.

About ANMI (Association of National Exchanges Members of India)

ANMI (www.anmi.in) is a pan-India body of members of the two largest stock exchanges of India, the National Stock Exchange of India Ltd. (NSEIL) and the Bombay Stock Exchange (BSE). The over 800 members are organized in four regional chapters and five main offices in Mumbai, Delhi, Kolkata, Hyderabad and Chennai.

About RTS Realtime Systems Group

RTS (www.rtsgroup.net) is a leading trading solutions provider with offices in Amsterdam, Chicago, Frankfurt, London, New York, Paris, Singapore, Stockholm and Sydney, and a distribution partner in Greece. RTS is a pioneer in the design and creation of high performance, multi-asset electronic trading software, with thousands of user connections to over 120 exchanges.

SOURCE RTS Realtime Systems Group