Asian CERC launches new broker dealing room system

Asian CERC Information Technology Ltd has announced the launch of a new dealer terminal (CTCL solution), FastTrade that supports both the BSE and NSE for equities and derivatives, along with the commodity exchanges.

FastTrade works by using the company risk management engine of the Trade Anywhere suite of applications that does away with the requirement for a separate hardware infrastructure for online and offline trading.

Asian CERC says this dealing room solution enable broking houses the flexibility to offer various risk rules that they provide on the online platform to dealer terminals in the offline mode.

The new terminal, FastTrade, is equipped with features like suspended scrip list, no-delivery scrip list, position conversion from delivery-to-margin and vice-versa, and also reports.

The company says FastTrade consumes the least bandwidth and can also be deployed across media such as VASAT, MPLS, broadband, WAN and LAN, among others.

"FastTrade provides an integrated market watch and with its features such as dashboard, reports and risk and surveillance, said Sunil Godhwani, director, Fortis Financial Services Ltd, at the launch of the new dealer terminal. "It is cut out to be an asset to assist the dealers to manage their trade."

"Fortis Financial through its strategic investment in Asian CERC and in Capital Market Solutions is poised to build a strong positioning in IT services business and we believe it will provide solutions to the entire BFSI segment with a core focus on capital markets globally."