Exclusive: CompositeEdge connects directly to BSE using TraderEvolution platform

Karthik Subramanian

CompositeEdge Investment Pvt Ltd, a member of the NSE and BSE in India and one of the leading retail brokers in the country has announced the use of TraderEvolution software to connect directly to the Bombay Stock Exchange (BSE).

The BSE is the 9th largest stock exchange in the world and has over 7,000 instruments being traded on it along with the associated financial products as well.

Challenging Connection

The direct connection to the exchange presents a great challenge to the software platform provider due to the infrastructure challenges and the complexity involved. TraderEvolution Global, through its TraderEvolution platform, has been able to achieve that for CompositeEdge which would give access for the broker to the wide variety of instruments at the BSE which would give it a distinct advantage within the brokerage landscape in India, apart from being a boost to the trading software maker as well.

“The TE platform has all the advanced tools that a trader wants. It has some of the best features for options traders which are currently not available in other trading platforms.” – said Satish Dutt, Managing Director at Compositedge.

The TraderEvolution platform is used by a large number of banks and brokerages around the world and its platform suite includes desktop, mobile, and web versions as well. It has an integrated backend that connects with a variety of markets and helps to provide core brokerage operations and also complements the existing solutions at the bank or the brokerage.

Opening Up of Stock Markets

“We are developing TraderEvolution software continuously to enable technical access to all exchanges available on the Indian market.” – said Ganesh Durgapal, Director of Operations at Trader Evolution Global – “Our plan is to provide an advantage of a world-class trading system to Indian retail users as TraderEvolution offers Indian brokers and their clients the same set of professional tools which our proprietary trading clients use.”

The integration of these solutions would help the broker to connect directly to the BSE and it is reported that the company is now working on integrating with the MCX as the Indian stock markets begin to open up for global trading slowly and steadily. This increases the demand for such platforms and solutions which would, in turn, require that the infrastructure also follows suit to keep pace with the developments.

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