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LSEG Technology firm Gatelab becomes approved vendor for Bombay Stock Exchange

Oct 3rd, 2017 10:27 am | By | Category: LATEST NEWS

Gatelab, the financial software company, part of London Stock Exchange Group, has become an approved provider of risk gateway services for third party clients accessing the Bombay Stock Exchange (BSE). The solution enables users to send orders to the BSE currency derivatives segment in ultra low latency, if all the pre-trade risk checks are met, and encompasses:

· Incoming FIX session from end users
· Hard Real Time Pre-trade risk checks
· Outgoing connection to the Exchange using the BSE native protocol

The flexibility and robustness of such a solution enables Gatelab to offer its clients efficient and reliable risk gateways for any market of interest. Additional risk checks can be added at the request of the customer with a user friendly GUI allowing them to monitor flow and run reports.

Ashishkumar Chauhan, MD & CEO BSE said:
“BSE has a proven track record of offering customers connectivity through high quality technology vendors and we are delighted to add Gatelab to that roster of firms. Part of London Stock Exchange Group, Gatelab has a long history of delivering low latency front end solutions for a range of clients”.

Ferdinando La Posta, Gatelab Co-founder and CEO said:
“We are delighted to become an approved vendor for the Bombay Stock Exchange and its substantial client base. We intend to expand our offering by adding more segments of the BSE and more markets in the Asia-Pacific region, reducing latency and increasing efficiencies for our customers”.

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