India's Financial Technologies (FTIL) is to team with London-based back office vendor Rolfe & Nolan to market its consolidated trading and settlement systems to the Australian equity market.
Under the agreement, Rolfe & Nolan will provide local marketing, sales and support for FTIL's Open Dealer Integrated Network (ODIN) and Members Accounting and Trade Confirmation House (Match).
Odin is a front-office trading system for cash and derivatives and includes includes integrated order routing and management, a broadcast engine, quote displays, market depth and pre-trade risk management.
Match is an integrated back-office settlement and accounting system for futures and options which includes a Chess interface that allows real-time messaging, consolidated client statements, an integrated and GL accounting module.
Sajit Dayanandan, technical director, Financial Technologies (India) says: "This initiative consolidates equities and derivatives processing onto one scaleable platform, eliminating the cost of maintaining two separate systems."