We are taking you to another TCS website now.

success story

ESS Improves Algorithmic Trading Efficiency

ESS upgrades trading capability with TCS BaNCS, lowering latency and improving throughput

 
Client
Espírito Santo Securities India
Industries
Capital Markets
Service
Securities Trading

Challenge

ESS needed to simplify its buy-side algorithmic trading process and boost trade volumes.

ESS entered the Indian brokerage space in 2011 amid intense competition and evolving regulatory requirements. Although the Securities and Exchange Board of India (SEBI) had already approved of algorithmic trading, stringent registration and disclosure norms were making it difficult for buy-side traders to complete transactions. In response, the financial major sought a robust platform to support high-performance algorithmic trading, and therefore partnered with TCS BaNCS to simplify front-end trading activities and improve back-office process efficiency. 

Solution

TCS BaNCS helps improve trading efficiency with algorithmic trading solution.

TCS BaNCS developed a series of black box algorithms which were then integrated with the financial major’s securities trading platform. In doing so, TCS BaNCS ensured that the process did not disrupt ESS’ financial information protocol and normal order flow. This solution enabled the company to:

  • Seamlessly converge trading across markets, asset classes, and currencies

  • Facilitate event-driven, low latency high-performance trading

  • Dynamically change trade execution timings

  • Improve exchange throughput and capitalize on cross-asset opportunities

  • Integrate back- and front-office processes and improve the Straight-Through-Processing (STP) rate 

“This partnership helped ESS address its Institutional clients’ need for optimum executions coupled with low latency and cost.”

Benefits

ESS improves trading efficiency while minimizing the need for manual intervention.

Post the implementation of TCS BaNCS, algorithmic trading accounts for close to 85% of the total executions at ESS. The securities firm has been able to accelerate business growth by:

  • Integrating algorithmic trading with DMA and DSA capabilities

  • Responding to market shifts in real time

  • Handling high trade volumes efficiently

  • Transition to an automated, algorithm-driven trading system

  • Diminishing the TCO of IT infrastructure

What's your challenge?
Let's work together to solve it.
More Like This
×

Thank you for downloading