Tata Consultancy Services (TCS), a leading IT services, consulting, business solutions and outsourcing firm has announced that it has simultaneously implemented an automated trading system for Daiwa Securities SMBC (Daiwa) across multiple markets in the Asia Pacific (APAC) region including Tokyo, Hong Kong and Singapore. Daiwa expects the newly introduced automated trading system to reduce cycle times while increasing trading volumes and that it will offer customers increased profitability afforded for access to automated trading strategies.
The automated system employs essentially the same applications for each stock market and its simultaneous deployment was made possible through the use of TCS' Global Network Delivery Model (GNDM). The trading system's adaptability to such diverse stock market systems bales well for its future expansion into other markets.
TCS mobilized 100 engineers over a one year period working in tandem with Daiwa's project team from the gathering and analysis of system requirements to system implementation, TCS ensured effective project management and addressed requirements for industry specificity by assigning a group of engineers and functional consultants, well-versed in the operations of securities markets. To ensure the successful deployment of Daiwa's first large scale off shoring initiative, periodical visits to the TCS offshore facilities by Daiwa representatives were arranged throughout the development process.
The company made this announcement during the trading hours today, 06 August 2009.
Friday, August 7, 2009
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