Geojit Announces Mercury Online

by CXOtoday Staff    Jan 24, 2006

Leading Indian financial services company Geojit Financial Services has announced its decision to launch a new and enhanced Online Trading System.

Dubbed Mercury Online, the trading platform - hosted on Sun Microsystems’ network computing architecture, aims to offer a whole host of online services and bring brokerage-class market data delivery and complete trading capabilities to the retail desktop.

“The combination of Sun Network Computing infrastructure and Geojit’s matching technology will allow retail capital market investors to take advantage of a secure and robust architecture for a whole new trading experience,” said Rajesh Rege, Director - sales, Sun Microsystems India.”

Commenting on the partnership, C. J. George, Managing Director, Geojit
Financial Services, said, “Considering that technologies in the financial services space get outdated quickly, we needed a platform that was highly robust and scalable. With the new infrastructure in place, we expect the volume of business transactions to reach about 1 lakh or more per day.”

The browser-based platform will feature the Reuters Investor Services and Charting Solution, trading and order management, instant order tracking, multiple bank interfaces, web-based customer care and the ability to trade in wide range of instruments in different markets.