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High-Speed and Scalable Trading
The National Commodity and Derivatives Exchange (NCDEX) in India has introduced "NextGen," a cutting-edge trading and surveillance system. This platform is one of the fastest in the country, capable of handling 1,000 orders per second, with scalability up to 3,000 orders per second.
Advanced Technology Integration
NextGen supports the Financial Information Exchange (FIX) protocol, allowing seamless integration with international front-end systems. It offers tick-by-tick data broadcasting and simplifies the execution of complex trading strategies, enhancing the overall user experience.
Support for High-Frequency and Algorithmic Trading
The platform is optimized for high-frequency and algorithmic trading, ensuring efficient and rapid trade execution. Its fault-tolerant architecture guarantees uninterrupted trading, even in cases of software or hardware failures.
Impact on Market Participants
Samir Shah, the Managing Director and CEO of NCDEX at the time, highlighted that NextGen would provide a secure and agile ecosystem, making it easier for a diverse range of customers, including farmers, to connect and trade competitively.
Source: https://www.fintechfutures.com/saas-paas/ncdex-live-with-new-trading-and-surveillance-software-nextgen
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