Openstream Launch Mobile Trading Tools

Openstream Inc. ( http://www.openstream.com/ ), a provider of multimodal information management solutions for the enterprises and Omnesys Technologies (India) Pvt. Ltd., a leading Brokerage and Trading Platform provider in India, today announced the joint launch of Openstream's new Cue-Me(TM) multimodal browser based brokerage & trading solutions for their customers.

The multimodal solution would greatly enhance the usability of their joint offering to brokerage houses. Key features of the service include: access to NSE, BSE and NCDEX markets; local financial news; real-time quotes; currencies, interest rates, and global indices; advanced order functionality, and real-time updates of Omnesys' portfolio.

Openstream's Cue-me(TM) enhances the Omnesys's offerings by maximizing the access to its NEST Brokerage Platform services. The integrated solution today provides Omnesys' customers speech and multimodal access to the service information they need from all the popular mobile devices, such as BlackBerry, Nokia-Symbian and Windows Mobile devices. The solution will soon be made available on iPhone devices.

"The strength of our joint offering is in that it enables us to offer rich and convenient interface to our applications that are independent of delivery devices, their footprints, networks and carriers. Our customers appreciate the power of using this multi-modal approach as it can provide speech capability to our trading applications on mobile devices with small screens and limited input methods, enabling the users to quickly access information related to their executed trades, stock quotes, portfolio and market news by talking and tapping on their devices," says Shrikant Pandit, CEO of Omnesys Technologies (India).
Speaking on the launch of the new mobile brokerage solution, Mr. Pradeep Gupta, Vice-chairman, AnandRathi Securities, one of the leading wealth-management companies in Asia, said, "We have always been looking for exceeding the expectations of our clientele and Openstream's multimodal solutions delivered on Omnesys's NEST Platform help us meet the growing needs of our customers."

The joint solution is being launched through all Omnesys' customers in India.

Omnesys Technologies

Omnesys Technologies Pvt. Ltd. is a Bangalore-based firm specializing in mission-critical software products and solutions for the securities market. Omnesys is an empanelled vendor on the premier exchanges in India and its flagship product NEST has been well-accepted by several brokerage houses. A fully integrated online trading system for securities using regular trading work stations, web browsers, and mobile devices, NEST binds all clients such as remote branches, sub-brokers, and individual investors into an integrated real-time online, multi-channel system.

ICAP Opens Indian Platform

ICAP (IAP.L), an international interdealer broker, announced today the launch of an electronic bond platform to service wholesale market participants in the Indian corporate debt sector. The platform was officially opened by Indian Finance Minister P Chidambaram at a ceremony in Mumbai.

ICAP gained approval for an electronic broking system from the Securities Exchange Board of India in November 2007 and has since moved quickly to deliver a solution to the market.

Manish Sabharwal, CEO of ICAP India, said: “We are delighted to be in a position to extend ICAP’s proven global technologies to India’s corporate debt market participants and believe this will prove a major catalyst towards the SEBI’s goal of increasing liquidity and efficiencies in the burgeoning marketplace.”

Finance Minister P Chidambaram’s recent Union Budget highlighted measures important to the development of a robust domestic corporate bond market. These measures will enhance investment, benefit Indian companies, and improve the availability of finances for infrastructure development.

Commenting on the launch, Don McClumpha, Deputy CEO of ICAP Asia-Pacific, said: “The Indian markets are a key focus for our expansion across the region. ICAP will continue to invest and deliver the world’s leading technologies to OTC market participants to increase liquidity and further facilitate innovation.”

The market is expecting further reforms aimed at streamlining issuance procedures and boosting liquidity such as the borrowing/lending of securities. ICAP has successfully combined voice and electronic services in securities markets to enhance price discovery and trade opportunity for market participants and has built a strong position in repo markets globally.