Rupeeseed Technologies Ventures, a company engaged in developing solutions for retail and institutional trading, has decided to offer its trading platform to those who have been using the National Stock Exchange’s NEAT on Web (NoW) platform, which has been closed down recently. Rupeeseed said it will offer the platform at a reasonable rate to brokers and traders who would want to use it. The platform is one of the most advanced in the country with embedded analytics and scanners. The key objective of the company in offering this is to help traders and investors with an easy-to-use platform and provide relevant insights while trading, or making investment decisions. Rupeeseed said the platform offers complete front-office and mid-office product suites – right from an eKYC platform, trading terminals, web and mobile trading apps, risk management, mid-office system and order management system and it has more than 100 studies and tools that can help one to trade online from charts and see the orders and positions on a chart. NSE had in early June said it is discontinuing the NoW platform from 14 September and advised members to migrate to alternative trading platforms available in the market. Over the past few years, exchanges worldwide have opted out of providing front-end software and started publishing APIs for the ecosystem to develop customized solutions according to the needs of each brokerage. In line with this trend, the NSE has started publishing simplified APIs for members/developers to build appropriate solutions for brokerages.
