Bangalore-based Omnesys Technologies, provider of software for securities markets worldwide, has tied up with Progress Software, a software provider that enables enterprises to be operationally responsive, “to deliver a trading platform that enables Indian traders to be more competitive,” a press statement said.

The partnership will “leverage the Omnesys customer base comprising more than 200 of the top financial institutions and exchanges across India with the Omnesys NEST front office service and the algorithmic trading platform, Progress Apama,” the statement said.

“The strategic partnership will augment our offerings in the fast-growing market for advanced algorithmic trading software in India,” said Mr Shrikant Pandit, Managing Director, Omnesys.

Omnesys' automated trading products and algorithms are widely used among the proprietary and arbitrage trading community and are approved for use on exchanges throughout India.

Omnesys is also a provider of Institutional Order Management solutions — providing Fix, direct market access (DMA), algorithmic solutions to top multinational and leading domestic investment banks, and brokerage firms.

“As interest in algorithmic and high frequency trading continues to grow, financial institutions across the globe are seeing the need to provide customised services for their clients. The key to success is to offer customised and localised algorithmic capabilities to their clients using the Apama product; while Omnesys provides its clients with one more that tool they need to remain competitive,” Dr John Bates, Chief Technology Officer, Progress Software and founder of Progress Apama, said.

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