NYSE Technologies Become the First Market Data Technology Vendor At BSE
Bombay Stock Exchange (BSE) announced April 13 a new category of empanelment for market data technology vendors serving high speed, low latency trading. NYSE Technologies worked closely with the BSE on the project and today becomes the first technology firm empanelled under the new agreement. The agreement is one of a number of moves by BSE to address the growing interest in high speed trading, low latency data feeds, co-location and other services supporting automated trading by its members and their customers.
NYSE Technologies welcomes the announcement. “We have been working with BSE for several months and they have been very proactive in adapting to the stringent requirements of our high-performance clients,” says Peter Tierney, regional lead for NYSE Technologies in Asia. “The NYSE Technologies market data infrastructure has been implemented by many of the industry’s most performance-sensitive traders on the most actively-traded markets in the world. We are adding coverage of the BSE to our feed library based on strong customer demand and we see this as a testament to the increased international interest in trading this market.”
BSE is “very pleased to team up with NYSE Technologies to enhance the value of our data used by our customers in their trading applications,” says Jim Shapiro, Head – Market Development, BSE. “As the market develops rapidly in the next few years in India and trading technology needs expand, the BSE will be building new and innovative relationships with many exchange eco-system partners, including our members, data vendors, technology firms and our strategic partners. We believe BSE has the most open, flexible and transparent architecture of any exchange in India, and we hope to become the preferred partner and preferred exchange for many market participants.”