The National Commodity and Derivatives Exchange (NCDEX), India’s leading commodity exchange, has launched ‘NextGen’, a new trading and surveillance system that will bring greater convenience, speed, safety and transparency to the market.
The NextGen system, among the country’s fastest trading systems, will bring a more dynamic experience to users, with features such as tick-by-tick broadcast and ease of executing complex trading strategies. It will speed up order execution by five times. It will also be better suited to offer products such as options and indices, besides handling high frequency/algo trading.
Additionally, it will be able to execute regulatory changes more quickly and cost-effectively, which will assist in efficient intra-day closure, pre-order checks and order flow monitoring.