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NSE.IT Lends Financial IT Expertise as McObject Solution Provider

March 21, 2012 by mikeohara   Comments (0)

March 19, 2012 — McObject®, developer of the eXtremeDB® In-Memory Database System (IMDS) and related product family, announced that NSE.IT, the wholly-owned IT consulting subsidiary of the National Stock Exchange of India (NSE), the third-largest stock exchange in the world by volume, has joined McObject as a Solution Provider. NSE.IT will provide integration, optimization, development and other services relating to eXtremeDB for clients developing capital markets solutions.

In this new role, NSE.IT leverages deep expertise it has gained over the past decade in consulting projects addressing a broad range of real-time financial IT challenges. Its background includes planning and implementing solutions for the buy side, sell side and market structure companies in financial markets – typically investment banks, brokerage houses, hedge funds, specialty trading firms, exchanges, and clearing and depository institutions.

Consulting clients with low-latency database needs will also benefit from NSE.IT’s experience developing its own high-performance financial software product with eXtremeDB. Last year, the firm’s engineers integrated the eXtremeDB IMDS to replace traditional relational database management system (RDBMS) software in performance-critical features of NSE.IT’s algorithmic trading solution based on the NeatXS trading platform. The firm credits the move to eXtremeDB with slashing order-processing latency to the sub-millisecond level in its Algo Solution, and delivering ultra-low latency to achieve higher throughput. Within Algo Solution, eXtremeDB provides real-time data management for functions including pre-trade risk management, post-trade risk re-computation and management of margins used at different levels.

(Read McObject’s press release or a joint NSE.IT/McObject case study on eXtremeDB’s role in NeatXS.)

“Real-time financial software is increasingly data-intensive. As a result, data management has become a key target for optimization and latency reduction in NSE.IT consulting projects. The eXtremeDB In-Memory Database System provides a powerful tool for achieving high performance while coping with the flood of data in financial systems, and as a Solution Provider we look forward to working with McObject and eXtremeDB on innovative low-latency solutions in diverse areas of capital markets technology,” said V.S. Kumar, NSE.IT’s president – Americas. 

“NSE.IT brings a wealth of domain expertise in developing real-time capital markets applications, ranging from large-scale securities and commodity exchanges to trading simulators, wealth management, brokerage front and back office, and high frequency trading solutions. We look forward to the vital contribution they will make to enhancing our customers’ technology and expanding McObject’s presence in the financial sector,” said Chris Mureen, McObject chief operating officer.

About NSE.IT

NSE.IT Ltd. is a 100%-owned subsidiary of India’s National Stock Exchange (NSE), the third-largest stock exchange in the world, by volume. A specialist in financial services, NSE.IT provides solutions that are domain-intensive and leverage NSE.IT’s intellectual property as accelerators. These solutions are built with technology chosen specifically for the industry, and delivered using a Global Delivery model that helps maximize customer ROI.

The firm’s areas of focus that offer synergy with McObject’s eXtremeDB In-Memory Database System product family include:

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Exegy & MarketPrizm Launch MarketDataPeaks, First Tool To Track Market Data Rates in Europe

March 21, 2012 by mikeohara   Comments (0)

St. Louis, MO & London, UK – 19 March, 2012 — Exegy Incorporated, the market data appliance company, MarketPrizm, a leading provider of ultra low latency market data and trading infrastructure services, and the Financial Information Forum have announced today the launch of the first European website to track real-time market data rates every second of every trading day.

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Blog Post: RobertPestonBlog: Is a 7% stamp duty a workable mansion tax?

March 21, 2012 by MoneyScience   Comments (0)

Senior LibDems argue that the 7% stamp duty rate being introduced in today's budget on residential properties worth more than £2m is not far off a mansion tax.read more...

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Blog Post: TalesfromaTradingDesk: LIBOR Manipulation

March 21, 2012 by MoneyScience   Comments (0)

Here are a few articles that provide some background reading on the whole LIBOR manipulation that has been in the press more so in the last few months:read more...

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Central Bank News Link List - 21 March 2012

March 21, 2012 by CentralBankNews   Comments (0)

Here's today's Central Bank News link list, click through if you missed the previous central bank news link list.  Remember, if you want to submit links for inclusion in the daily link list, just email them through to us or post them in the comments section below.

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Bank of Thailand Holds Interest Rate at 3.00%

March 21, 2012 by CentralBankNews   Comments (0)

The Bank of Thailand held its benchmark 1-day bond repurchase rate unchanged at 3.00%.  Bank of Thailand Assistant Governor, Mr. Paiboon Kittisrikangwan, said: "The MPC assessed that the risks from the global economy had decreased and that the recovery in the Thai economy was gaining momentum. At the same time, inflationary pressure had edged up. In this context, the MPC deemed  the current level of the policy rate to be appropriate in supporting economic recovery while still consistent with keeping inflation within target. The MPC, therefore, voted unanimously to maintain the policy rate at 3.00 percent per annum at this meeting."

The Bank of Thailand previously cut the rate 25bps in January and at its December meeting, and previously raised the rate to 3.50% at its August meeting, and increased the interest rate in July last year by 25 basis points to 3.25%.  Thailand reported headline inflation of 3.6% in December, down from 4.29% in August, 4.08% in July, 4.1% in June, compared to 4.19% in May, and 4.04% in April.  The Bank of Thailand has an inflation target range of 0.5% to 3.0%.  


The Thai economy grew 0.5% in the third quarter, after 0% growth in the June quarter, and 2% in the March quarter, placing annual GDP growth at 3.5% (2.7% in June, and 3.2% in the March quarter).  The Thai baht (THB) has weakened about 2% against the US dollar over the past year, while the USDTHB exchange rate last traded around 30.8

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Blog Post: TalesfromaTradingDesk: Another Day Another Financial iPad App

March 21, 2012 by MoneyScience   Comments (0)

Moody’s Analytics, a leading independent provider of economic data and analysis, today announced the launch of Dismal Scientist® for iPad® mobile digital device, a free application providing real-time information for more than 300 economic indicators in 46 countries.read more...

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Blog Post: PsyFiBlog: Craving a High: Trading on Dopamine

March 21, 2012 by MoneyScience   Comments (0)

Pathological Investors“A pathological gambler dies and thinks he is in heaven because he wins every time he plays. Very quickly after constantly winning his wagers, he requests to be sent to hell, only to find out that he is already there.”Sapra and Zak, Neurofinance: Bridging Psychology, Neurology and Investor Behavior Neuroeconomists, that breed of behavioral researchers seeking to link actual brain function to real human behavior, are fascinated by people who exhibit what they refer to...

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