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GATElab, a financial software company that is part of the London Stock Exchange Group, has launched an ultra low latency service risk gateway to the National Stock Exchange (NSE), the country’s largest bourse by revenue.
This solution enables users to send orders to the NSE equity derivatives segment in less than 30 microseconds, if all the pre-trade risk checks are met.
NSE’s forex derivatives segment will be the next area to be made available via the gateway.
Ferdinando La Posta, GATElab Co-founder and CEO, said that the addition of the NSE strengthens GATElab’s offering in the low latency global landscape.
“We intend to expand our offering by adding more markets, reducing latency and increasing efficiencies four customers. NSE is the first market in the Asia-Pacific region and we look forward to working with other exchange partners in the near future,” Posta said in a statement.
Chris Corrado, Group Chief Information Officer, London Stock Exchange Group, said that GATElab’s advanced capital market technology products have proven to be a key driver of business success.
“We believe this is just the first step towards further market innovative solutions for the group, our partners and clients”, Corrado said.
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