uTrade Solutions, a financial trading technology company has been roped in by SMC Global Limited to enable it to transition its trading platform to uTrade’s low latency algorithmic trading platform, said a statement from uTrade Solutions.
uTrade Solutions informs that the Arbitrage Algorithmic platform ‘muTrade’ would enable arbitrage traders, market makers and HFT quants at SMC to leverage technology for identifying more efficient trading opportunities across markets by facilitating faster order execution through spreader algos, multi-leg equity, futures, options, multi-exchange arbitrage and proprietary strategies.
Company also said that the partnership would also focus on enabling SMC Global to enhance its R&D capabilities in the domain of structuring quantitative trading models and latency optimisation within the hardware operating system and software.
“SMC has proactively been identifying emerging trends in the capital markets sector in order to gain a competitive edge over other market participants. With the percentage of algorithmic trades on the rise in Indian markets, it was important for us to give our traders and clients the advantage of technology to make them stay ahead of the trading curve,” said D.K Agarwal, Chairman, SMC Comtrade Ltd.
Utrade also claimed that its low latency infrastructure is live with Indian and International exchanges in co-location facilities. It works across asset classes namely equities, futures, options, currencies and commodities, and supports extensive pre-trade and post-trade risk checks.
