NYSE Technologies is first market data tech vendor under new BSE rules

Bombay Stock Exchange (BSE) today announced a new category of empanelment for market data technology vendors serving high speed, low latency trading with NYSE Technologies becoming the first technology firm empanelled under the new agreement.

NYSE Technologies worked closely with BSE on the project.

The agreement is one of a number of moves by the BSE to address the growing interest in high-speed trading, low latency data feeds, co-location and other services supporting automated trading by its members and their customers, a press release issued in Mumbai stated.

"We have been working with BSE for several months and they have been very proactive in adapting to the stringent requirements of our high-performance clients," NYSE Technologies' regional lead in Asia, Peter Tierney, said.

"The NYSE Technologies market data infrastructure has been implemented by many of the industry's most performance-sensitive traders on the most actively-traded markets in the world. We are adding coverage of the BSE to our feed library based on strong customer demand and we see this as a testament to the increased international interest in trading this market," Tierney said.

"BSE is also pleased to team up with NYSE Technologies to enhance the value of our data used by our customers in their trading applications," BSE's Market Development-Head, Jim Shapiro, said.

"As the market develops rapidly in the next few years in India and trading technology needs expand, the BSE will be building new and innovative relationships with many exchange eco-system partners, including our members, data vendors, technology firms and our strategic partners, Shapiro said.

We believe BSE has the most open, flexible and transparent architecture of any exchange in India, and we hope to become the preferred partner and preferred exchange for many market participants, he said.