The NextGen system, developed by technology firm MillenniumIT, will bring greater convenience, speed, safety and transparency to the market, the exchange said in a statement.

NCDEX CEO and Managing Director Samir Shah said: It will speed up order execution by five times, the exchange said. It will also be better suited to offer products such as options and indices, besides handling high frequency and algo trading.

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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.

Fortified with a large processing capacity of 1, orders per second, the NextGen system supports FIX protocol, which is the industry norm.

How IT helped NCDEX switch over to a NextGen trading and surveillance system, IT News, ET CIO

Built on highly specialised fault-tolerant technology, its replica processes ensure uninterrupted trading even in the face of software or hardware outages, the exchange added. Catalyst Multimedia Today's Paper Topics ePaper WealthCheck. Get more of your favourite news delivered to your inbox.

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Sensex ends marginally lower; Tata Motors, ONGC stocks skid. DATA BANK Cross Currency Rate.

NCDEX eMarkets Limited

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