NDB Securities launches direct order routing for Sri Lankan equities

Monday, 24 August 2015 00:00 - - {{hitsCtrl.values.hits}}

Automated facility enhances market accessibility, speed and quality of execution

NDB Securities (NDBS) recently announced the launch of Sri Lanka’s first direct order routing facility for equities traded on the Colombo Stock Exchange (CSE).

Using Bloomberg’s Execution Management System (EMSX) and IronOne’s ATrad Order Management System (OMS), NDBS will provide global investors direct access and immediate execution of stocks traded on the CSE.

Bloomberg EMSX is a broker-agnostic, electronic execution platform for global equities, options and futures. EMSX allows NDBS to securely and automatically feed its trade data into IronOne’s ATrad OMS for real-time execution updates to clients.

“The Integration between Bloomberg Execution Management System (EMSX) and the ATrad Order management system (OMS) will ensure the seamless channelling of market orders and speedy execution,” said Lakmini Wijesundara. Chief Executive Officer of IronOne Technologies Ltd. “The result is a fully automated process with minimum human intervention.”

NDBS provides advisory services to both local and foreign investors on investing in Sri Lanka’s capital markets. “The collaboration of NDBS, IronOne and Bloomberg sets a new standard for investment execution and underscores our commitment to furthering the growth of Sri Lanka’s financial sector,” said. Prasansani Mendis, Chief Executive Officer of NDB Securities Ltd.

“We are constantly in pursuit of new opportunities and challenges that would enhance our service levels and we hope that the improved market access as a result of direct order routing will inspire greater confidence among foreign institutional investors to invest in Sri Lanka”

NDB Securities Ltd. is one of the pioneering and leading stock brokering companies in the country. NDBS, a licensed stockbroker, is a full member of the Colombo Stock Exchange (CSE) and provides a variety of investment advisory-related services on both listed debt and equity securities for local and foreign corporate and individuals. For more information, visit http://www.ndbs.lk/.

IronOne Technologies Ltd. is an enterprise services provider with offices in USA, Sri Lanka and Malaysia with a global coverage of over 15 countries across all continents. The ATrad Capital Market solution is a leading platform in Asia Pacific and has the biggest market share in Sri Lanka. For more information, visit http://www.irononetech.com/.