Omnesys NEST trading platform has a market share of 20% in India. With the acquisition, Thompson Reuters plans to offer a portfolio of integrated solutions for exchange traded instruments to its customers
Information services provider Thomson Reuters has bought Omnesys Technologies Pvt Ltd, a provider of sell-side order management systems (OMS) and high frequency trading solutions for Indian exchange traded instruments. No financial details were provided.
Omnesys sells multi-asset, multi-venue trading system called Omnesys NEST, which has a much smaller market share compared to ODIN software from Financial Technologies. Omnesys NEST is used by more than 200 of the top financial institutions in India as well as by various exchanges as a front office service to their customers. ODIN has a market share of 80%.
"Thomson Reuters is now able to offer a suite of transaction solutions to sell side institutions and exchanges in India, allowing us to seamlessly integrate this capability with our world-class content and technology. Moreover, it provides us with a new opportunity to service the Indian equities market with a powerful combination of desktop content, analytics, feeds and transaction capabilities," said Swarup Choudhury, managing director, India, Thomson Reuters
Thompson Reuters said it will now be offering a portfolio of integrated solutions for exchange traded instruments to its customers aided by the market-leading sell-side order management system and high frequency trading capabilities by Omnesys Technologies along with its own content, analytics, quant and event driven trading infrastructure.
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