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The Bombay Stock Exchange (BSE) has approved London Stock Exchange-owned software firm Gatelab to provide gateway services for third party clients accessing the Indian exchange.
According to the London Stock Exchange (LSE), the move “enables users to send orders to the BSE currency derivatives segment in ultra-low latency, if all the pre-trade risk checks are met, and encompasses: incoming FIX session from end users; hard real time pre-trade risk checks; outgoing connection to the Exchange using the BSE native protocol”.
Gatelab co-founder and chief executive officer Ferdinando La Posta, said: "We...