GATElab provides low-latency risk gateway to connect to NSE markets

  • Ultra low latency gateway with pre-trade risk embedded service to NSE
  • Flexible software enables bespoke risk gateway solutions

GATElab, the financial software Company, part of London Stock Exchange Group, has launched an ultra low latency service risk gateway for third party clients to access the National Stock Exchange of India (NSE). The solution enables users to send orders to the NSE equity derivatives segment in less than 30 microseconds, if all the pre-trade risk checks are met, and encompasses:

  • Incoming FIX session from end users
  • Hard Real Time Pre-trade risk checks (17 checks, including SPAN calculation)
  • Outgoing connection to the Exchange using the NSE native protocol

The flexibility and robustness of such a solution enables GATElab to offer to its end users ultra low latency service risk gateways for any market of interest. Additional risk checks can be added at the request of the customer with a user friendly GUI allowing them to monitor flow and run reports.

NSE’s FX derivatives segment will be the next area to be made available via the gateway.

Chris Corrado, Group Chief Information Officer, London Stock Exchange Group said:
“GATElab’s advanced capital market technology products have proven to be a key driver of business success. We believe this is just the first step towards further market innovative solutions for the Group, our partners and clients”.

Ferdinando La Posta, GATElab Co-founder and CEO said:
“Working on a behalf of our client, an international broking firm, the addition of a gateway to the NSE strengthens GATElab’s offering in the low latency global landscape. We intend to expand our offering by adding more markets in the Asia-Pacific region, reducing latency and increasing efficiencies for our customers”

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For further information:

Lucie Holloway               +44 (0)20 7797 1222
                                    newsroom@lseg.com

Notes to editors:

About GATElab:
GATElab is a financial software company offering brokering and proprietary trading platforms. Founded in 1989, GATElab is part of London Stock Exchange Group.

GATElab provides solutions to Buy-Side, Sell-Side and Hedge Fund firms as well as Exchanges. Its offering is MIFID compliant and covers:

  • Manual and automatic trading and quoting including RFQs and IOIs
  • Algorithmic trading
  • Smart order routing for equities and bonds (listed and OTC)
  • Ultra low latency Risk Gateways
  • Systematic Internalization/Matching Engine to support multilateral trading facilities, crossing network, RIE and OTC
  • Integration with external pricing, risk management, and middle/back office, clearing systems
  • Post trade and OTC deal registration (post trade transparency and trade reporting)

 For more information about GATElab, please visit: http://www.gatelab.com

About London Stock Exchange Group:

London Stock Exchange Group (LSE.L) is a diversified international market infrastructure and capital markets business sitting at the heart of the world's financial community. The Group can trace its history back to 1698.

The Group operates a broad range of international equity, bond and derivatives markets, including London Stock Exchange; Borsa Italiana; MTS, Europe's leading fixed income market; and Turquoise, a pan-European equities MTF. It is also home to one of the world’s leading growth markets for SMEs, AIM. Through its platforms, the Group offers international business and investors unrivalled access to Europe's capital markets.

Post trade and risk management services are a significant part of the Group’s business operations. In addition to majority ownership of multi-asset global CCP operator, LCH.Clearnet Group, LSEG operates CC&G, the Italian clearing house; Monte Titoli, the T2S-ready European settlement business; and globeSettle, the Group’s newly established CSD based in Luxembourg.

The Group is a global leader in indexing and analytic solutions. FTSE Russell offers thousands of indexes that measure and benchmark markets around the world.  The Group also provides customers with an extensive range of real time and reference data products, including SEDOL, UnaVista, and RNS.

London Stock Exchange Group is a leading developer of high performance trading platforms and capital markets software for customers around the world. Currently, over 40 organisations and exchanges use the Group’s MillenniumIT trading, surveillance and post trade technology, including the Group’s own markets.

Headquartered in London, with significant operations in North America, Italy, France and Sri Lanka, the Group employs approximately 4,700 people.

Further information on London Stock Exchange Group can be found at www.lseg.com