Financial Technologies joins STAC Benchmark Council
Printer Print Email Email
Bangalore: Financial Technologies (FTIL) joined the STAC (Securities Technology Analysis Center) Benchmark Council to define industry-standard performance metrics for trading technology solutions. The STAC Benchmark Council is a global industry body consisting of leading trading organizations and vendors, facilitated by the STAC. The council develops standard benchmarks for technology used in the capital markets. End-user firms such as brokers, hedge funds, exchanges and alternative trading systems, control the STAC benchmarks through their votes, keeping the benchmarks tied to real business needs. Peter Lankford, Founder and Director, STAC said, "Business-relevant benchmark standards are a big opportunity for trading-system owners to improve how they choose technology upgrades and make buy-vs-build decisions." As part of the STAC Benchmark Council; vendor-neutral, customer-driven specifications will allow FTIL to demonstrate the power and performance of its DOME (Distributed Order Matching Engine) trading solutions. DOME is a multi-asset exchange product suite, offering an integrated matching engine, including order management and routing engine, risk management and surveillance engine, data distribution engine and various interfaces for clearing and settlement. Dewang Neralla, Director - Technology, Financial Technologies, said, "Technology for the financial markets is going through a rapid shift. Innovations in the algorithmic trading systems, exchanges automation systems and order management systems demand a common language for performance in all markets. We look forward to contributing to the global benchmarking best practices embodied by STAC Benchmarks and STAC Test Harnesses."

siliconindia