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BOMBAY, Sept 27 (Reuters) - The
National Stock Exchange's (NSE) information technology arm NSE.IT
Ltd said on Wednesday it has launched a software product for
brokers' back-office systems.
The NSE is India's largest
exchange.
The product called ProBos
(Professional Brokers Back Office System) is a Windows-based package
designed to perform back-office functions of small and large
brokers, it said.
ProBos enables the processing of
transactions on the Bombay and National exchanges and also on both
the capital market and derivatives segments of the two exchanges, it
said.
Broker back-office software from
nearly 40 other software vendors is already available in the market.
NSE.IT which is a 100 percent
subsidiary of the NSE had earlier launched NeatXS - a computer to
computer order routing system and NeatiXS, an Internet trading
system.
Ravi Narain, deputy managing
director of the NSE, said that the "Brokers Plaza" - a
system which allows a large number of brokers and investors to trade
directly on the exchange via a common Internet infrastructure could
go on-line by next month.
The system has been launched by a
joint venture between NSE.IT and i-flex Solutions called DotEx
International.
(C) Reuters Limited 2000.
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