| TECHNOLOGY BUSINESS |
| FTIL asserted its deep-rooted
presence this year by capturing more than 80%
market share in electronic trading solutions
in India, including front-end solutions for
Indian brokerage industry. FTIL’s suite
of products mainly comprise of exchange solutions
and brokerage solutions. |
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ODIN™
, our flagship brokerage solution, has been revamped
and reinforced with components which have enhanced
its performance and helped it to carve out a niche
for itself. In fact, its pre-eminence was corroborated
by a study on ‘Electronic Trading Solutions
in India 2008’ by Frost & Sullivan, a Fortune
500 global research firm. |
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| Exchange Solutions |
The financial year 2008-09
saw full-scale implementation of our flagship
exchange solutions product suite, DOME (Distributed
Order Matching Engine) on two domestic exchanges—MCX
Stock Exchange Ltd. and National Spot Exchange
Ltd. (NSEL)—while implementation is nearing
completion at the Singapore Mercantile Exchange
Pte. Ltd. (SMX) and Global Board of Trade (GBOT),
Mauritius.
The ninth version of DOME was released with
additional modules—e-Xchange, Exchange
Direct, Bank Gateway and Open Interest Manager—for
improved performance and functionality of the
trading system software. e-Xchange provides
an online interface for its members to update
their information / requests electronically,
thus replacing the conventional offline messaging.
With the introduction of Exchange Direct, member
administrators can now have multiple logins
that allow the operators to utilise their time
more effectively. This version is also compliant
with the FIX 4.2 protocol for timely and secure
transactions. |
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| Brokerage &
Messaging Solutions |
| FY08-09 was marked by
innovation, upgradation and excellence
in regard to FTIL’s brokerage solution
business. While your Company continues
to add innovative products to its portfolio,
the existing products have also seen major
upgradation. The new and existing products
have received appreciation from clients
and analysts, and resulted in increased
business. |
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The ODIN™ 64-bit version
has delivered a multifold increase in performance,
scalability and compatibility. It has been extended
to provide support to the currency derivatives
segment, which promises to be the next big opportunity.
The product portfolio has received a boost with
the introduction of state-of-the-art products
leveraging the latest delivery models such as
the Software As A Service (SAAS). ODIN™’s
leadership position has been reinforced with
introduction of a complete range of support
products and features. While the revamped flagship
products continue to drive the growth, new products
such as ODIN™ Greek Neutralizer, ODIN™
Program Trading, Advanced Charting, ODIN™
X plaza, FTNET and DMA LIVE will ensure growth
in the coming years. FTIL’s zeal for innovation
was rewarded again with the newly launched product
ODIN™ X Plaza—based on the SAAS model—winning
the prestigious ‘Golden Peacock Innovative
Product / Service Award – 2008’.The
STP bouquet of products and services was extended
to include the derivatives market, during the
year under review. |
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