Asian CERC launches new terminal - Fastrade

Asian CERC Information Technology Ltd has announced that the Company on January 14, 2008 launches a new Dealer Terminal (CTCL solution) - FastTrade. Fast Trade supports both the BSE and NSE for equities and derivatives, along with all the commodity exchanges in the
country.

FastTrade works by using the Risk Management Engine of the Trade Anywhere suite of applications from Asian CERC, making it the most preferred trading solution in the market place. This reduces the spend on maintaining separate hardware infrastructure for Online and Offline trading. It will for the first time give flexibility to the broking houses offering various risk rules on the Online Platform to extend the same to even the Offline Platform (Dealer Terminals).

The new terminal, FastTrade, is equipped with some of the most sought after features by dealers, such as — suspended scrip list, no delivery scrip list, position conversion- delivery to margin and vice-versa, and reports.

One of the key features of the FastTrade is its lowest consumption on bandwidth and it can also be deployed across various media such as VASAT, MPLS, Broadband, WAN; LAN etc.

Mr. Sunil Godhwani, Director, Fortis Financial Services Ltd, delighted at the launch of FastTrade, the new Dealer Terminal by Asian CERC said, "FastTrade provides an integrated market watch and with its features such as dashboard, reports and risk & surveillance, it is cut out to be an asset to assist the dealers to manage their trade." He further went on to say that, "Fortis Financial through its strategic investment in ACERC and in Capital Market Solutions is poised to build a strong positioning in IT services business and we believe it will provide solutions to the entire BFSI segment with a core focus on capital markets globally."

The formal launch of the product is being held in Mumbai on the 15th and 16th of January, 2008.