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United Stock Exchange of India automates trading with Omnesys platform

United Stock Exchange of India (USE) has gone live with Omnesys Technologies' automated trading operations platform NEST.

NEST is a Computer to Computer Link (CTCL) platform for trading and the flagship product of Omnesys.

Omnesys said that with the help of NEST, members can connect to and trade various exchanges including the USE and National Stock Exchange-Currency Segment.

United Stock Exchange MD & CEO Narayansami said they are extremely delighted to announce that algorithmic trading has been picking up at their platform with more and more members expressing interest and opting for ATS (automated trading system) operations through Omnesys to take advantage of opportunities that can be explored in currency markets presently.

Omnesys managing director Shrikant Pandit said NEST is designed to serve customers with improved trading capabilities facilitating order management and execution capabilities. The current version of the software is equipped with appropriate tools that allow members to actively manage their trades.