BSE, NSE Trading Platforms DMA Connected

by CXOtoday Staff    Sep 23, 2008


Tora, a global electronic trading platform and liquidity provider for Asia has added DMA connectivity in the TORA Compass trading platform to the Bombay Stock Exchange and the National Stock Exchange of India.

All Tora clients can now work with brokers connected to TORA Compass to electronically trade equities, futures, options, and derivatives in India using the platform.

India is one of the most important equity markets in Asia, and indeed the world, said Robert Dykes, CEO, Tora Trading Services in a statement. Adding connectivity to the major Indian markets is consistent with our mission of providing our clients with broad and deep access to Asian markets.

Tora worked closely with sell-side broker Morgan Stanley India to deploy the Financial Information Exchange (FIX) and Direct Market Access (DMA) connections to the Indian exchanges the first such connections ever deployed in India. Morgan Stanley provided Tora with in-country resources and assistance and has begun executing trades for Tora clients using these connections.

Said Scott Field-Marsham, managing director and head of electronic trading for Asia at Morgan Stanley, Ltd., Hong Kong, With the growth of the equity markets in India, it s now crucial that our common buy side clients have the same access to India as they have to other major Asian markets.