ATrad celebrates success in Sri Lanka

Tuesday, 5 June 2018 00:00 - - {{hitsCtrl.values.hits}}

ATrad, the Sri Lanka-developed online stock broking platform, recently celebrated the milestone achievement of 85% deployment among stock broking firms operating at the Colombo Stock Exchange (CSE).

The celebratory event organised for the management of leading stock broking firms was graced by Prime Minister Ranil Wickremesinghe and was attended by stock market analysts and the senior management of IronOne Technologies, the developer of the platform.

Speaking at the event, IronOne Technologies CEO Lakmini Wijesundera said: “There can be no better testament to the success of ATrad than having 85% of Sri Lanka’s stock broking firms using the solution. We have also introduced the platform to stock brokers of the Bombay Stock Exchange and are now poised to venture into more international emerging markets with ATrad.”

ATrad CEO Rajitha Kuruppumulle thanked stock brokers for their support in making ATrad the undisputed leader at the CSE.

A complete trading, back office, accounting and margin trading solution, ATrad facilitates stock trading for Advisers and Investors and has the added capability to act as back-end solution for brokers. Continuous enhancements have enabled a variety of services including direct integration to banks, and enhanced analytics to be provided to emerging market stock exchanges and broker communities.

The recent appointment of JitSeneviratne as the Senior Vice President Business Development at IronOne Technologies has strengthened the leadership and strategic global growth of ATrad, the Company said.

ATrad is geared to effectively support and align with the Colombo Stock Exchange’s requirements, including those introduced with the new CDS system, ensuring a seamless experience for clients. It offers support for multiple classes of assets, easily encompassing the CSE’s two currently-offered asset classes – Debt and Equity. In addition, the ‘Risk Manager’ function is capable of providing a comprehensive risk management solution to broker firms, allowing them to adapt smoothly to the Delivery vs. Payment (DvP) settlement system that the stock exchange will require.

With the drive to encourage foreign investment, both by the CSE and stockbroker firms, ATrad’s ability to handle orders placed by third parties with ease using their own systems and receiving backward status updates in real-time, is considered a valuable feature.