NDLI: A few useful considerations in the development of intra-day trading software:comparing indian intra-day trading software with foreign software

Content Provider	ACM Digital Library
Author	Gupta, Samarth Sharma, Arun
Abstract	Trading has evolved from being merely an "open outcry" to becoming tech-savvy and computer intensive. With the stock exchanges computerizing the trading procedures and the traders following suit there was a need felt to upgrade the trading systems in sync with the innovational changes in technology like ECN (Electronic Communication Network) and SOES (Short Order Execution System). In their quest for maximizing gains while reducing risk and brokerage, trading companies fell over the idea of using computers for latency based arbitrage in an intra-day trading setup. It became quite empirical that better machinery meant more profits. The present paper realizes that for a vendor to develop the most efficient intra-day trading systems, it is necessary to incorporate various software standards that are otherwise of very little concern in other domains. This paper focuses on how the Indian software industry can put their clients at an advantage by adopting certain strategies which are a general feature of their western counterparts. Hence it is attempted to compare how the Indian trading software lag behind the internationally accepted software and how these shortcomings can be overcome.
Starting Page	1
Ending Page	5
Page Count	5
File Format	PDF
ISSN	01635948
DOI	10.1145/1988997.2003644
Journal	ACM SIGSOFT Software Engineering Notes (SOEN)
Volume Number	36
Issue Number	4
Language	English
Publisher	Association for Computing Machinery (ACM)
Publisher Date	1979-04-01
Publisher Place	New York
Access Restriction	One Nation One Subscription (ONOS)
Subject Keyword	Intra-day Ecn Trading Domain Soes Market Latency
Content Type	Text
Resource Type	Article

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