 |
| Prakash
Neelakantan |
Bangalore-based
Elind Computers, a software and solutions provider to the
securities industry recently won the third contract for its
product, STRIDE, to be implemented at the Portugal stock exchange,
OPEX.
Prakash Neelakantan, chief solutions architect at Elind Computers
says, “OPEX is the third installation of STRIDE outside
India. TradingLab in Milan and Nigeria-based Abuja Stock Exchange
are the other two customers. It is a testimony of our success
in providing a superior trading platform.”
The OPEX deal is to supply and implement an online trading
system, STRIDE, and a Web-based IPO allocation system, IPO
STRIDE. The software will run on Windows 2000 and will be
deployed on two clusters of Intel architecture servers. One
cluster consisting of two 4-way Xeon MP servers with 4 GB
RAM will run STRIDE—the online trading system. The other
cluster of 2-way Xeon servers will be used for hosting a repository
for historical data. Datacomp, a local systems integrator,
will be responsible for hardware and software integration.
Elind will provide three months training support to OPEX and
the installation is expected to go live in April.
Neelakantan said, “STRIDE will help OPEX’s 250 customers,
including 100 auxiliary members, to trade in equities, bonds,
warrants, derivatives, forex contracts and funds. The OPEX
contract includes three-year product support and a software
licensee agreement.” However, he declined to disclose
the size of the contract.
Luis Rodrigues, CEO of OPEX added, “We were looking for
a system that would require minimum customisation, with the
flexibility to accommodate new segments and the scalability
to let us handle increased capacity as the business grows.”
STRIDE facilitates screen-based trading of equities and bonds,
as well as clearing and settlement. Elind claims that STRIDE
was the first equity and debt trading solution in the world
written for a Windows environment running on Intel platforms.
Elind’s R&D is funded by Intel Capital. The company
has automated the stock trading operations for four regional
stock exchanges in India.
|
