BSE arm Marketplace Tech signs an MOU with Thomson Reuters

BSE today said its subsidiary Marketplace Tech Infra Services in collaboration with Thomson Reuters has built a trading solution on latter's Omnesys NEST platform, for the exchange's members and customers.

For this purpose Marketplace Tech Infra Services has signed a memorandum of understanding with Thomson Reuters, a leading source of intelligent information for businesses and professionals.

BSE Electronic Smart Trader (BSE) is a robust, state-of-the-art hosted trading solution built on Thomson Reuters Omnesys NEST platform which brings greater scalability, convenience, speed and transparency to the users.

"BEST will supplement the existing order routing platform of MTISPL, BOW (Bolt+ On Web) to provide a single trading platform for all stock and commodity exchanges viz BSE, INDIA INX, NSE, NCDEX, MCX, MSEI and ICEX," BSE said in a statement.

According to BSE managing director and CEO Ashishkumar Chauhan "this is a beginning of a strong partnership for providing market participants a platform and would help develop overall market infrastructure and ecosystem across all segments".

"It shall be the endeavour to continue providing members world class technology to access domestic and international exchange- India INX," he added.

Thomson Reuters MD Pradeep Lankapalli said: "Thomson Reuters Omnesys NEST hosted trading platform together with BSE will help the growing financial community manage risks by executing informed trading, thereby improving efficiency and effectiveness of transactions".