Highlights
Introduction
Speed. Scale. Connectivity. Convenience.
TCS BaNCS for Trading has helped retail and institutional customers manage breakthrough growth in trade volumes that span multiple assets, markets, and currencies. It has processed millions of orders and trades, notching record uptime in peak conditions while handling 100,000 concurrent online users and more than 1000 branches, thus offering the scale and stability needed in today's volatile markets. Its low-latency algorithmic trading capabilities enable split-second responses to fleeting windows of opportunity. Through sophisticated and secure internet trading workstations and mobile apps targeted at retail clients, it has helped trading firms democratize finance.
Challenge
The rapidly changing technology landscape and growing customer expectations are shaping the future dynamics of the brokerage industry. There is an increased demand for analytics and actionable data based on social media sentiments and technical pattern-detection tools from retail investors. And, on the institutional front, the rapid adoption of algorithmic trading and co-location facilities is driving the race toward low-latency platforms.
Solution
TCS BaNCS for Trading is a multi-market, multi-asset trading solution, which can be seamlessly integrated as a complete front-to-back office offering. The solution can be deployed as a standalone solution or integrated with third-party or in-house back office systems. Its modularity allows the implementation of independent components such as channels, risk management, Financial Information eXchange (FIX), and more. All channels (internet, mobile/tablets) are based on a responsive web design.
TCS BaNCS for Trading supports execution types such as work orders, direct market access, and algorithmic trading. The use of in-memory architecture and high-performance computing principles have enabled low-latency levels.
Benefits