Omnesys Technologies, a leading India based provider of multi-asset trading tools and systems and an Independent Software Vendor (ISV) empanelled by the Dubai Gold and Commodities Exchange (DGCX), today announced that it has co-located its servers within the Exchange’s Data Centre in Dubai.
DGCX is the leading derivatives exchange in the Middle East. In 2010, Omnesys became the first Indian software vendor to go live on DGCX using FIX Protocol.
DGCX has offered members and ISVs the benefit of co-locating their hardware within the exchange’s data centre since 2009 and is the only exchange in the Middle East to offer such a facility.
The co-location of its servers allows Omnesys to reduce latency and thus offer faster access to the DGCX markets via its multi-asset, multi-venue trading system - “Omnesys NEST”. This will in turn allow DGCX members and their clients to trade faster and more efficiently using “Omnesys NEST”.
Said Shrikant Pandit, Managing Director of Omnesys, “Apart from reducing latency and increasing the speed in which our customers can trade, our partnership with DGCX also means that we are able to help our customers cut down the time, effort and cost required to set up proprietary infrastructure and commence trading.”
Eric Hasham, CEO of DGCX said, “Our collaboration with Omnesys supports our strategy to expand the co-location facility and ensure that a wide range of state-of-the-art trading platforms and applications are available to our members. The co-location of its servers within our data centre is a very positive move for both the Exchange and Omnesys who can now offer faster access to our market.”
Omnesys is an empanelled vendor on exchanges throughout India. Its trading solution NEST is used by leading brokerage houses both in India and the UAE. A fully integrated online trading system for multi-asset products, NEST provides easy access to trading for clients such as sub-brokers and individual investors.
About DGCX:
Established in 2005, DGCX is the region’s first derivatives exchange and the only one allowing participants to clear and settle transactions within the region. The Exchange has played a pioneering role in developing the regional market for derivatives. DGCX is a Dubai Multi Commodities Centre (Dubai Government) initiative in partnership with Financial Technologies (India) Limited and Multi Commodity Exchange of India Limited (MCX). It is an electronic commodity and currency derivatives exchange with 230 members from across the globe, offering futures and options contracts covering the precious metals, energy and currency sectors. For more information: www.dgcx.ae
