Symphony FinTech Gets Approval of Three Algo Strategies for an Indian Broker, from National Stock Exchange (NSE)

Mumbai, India, October 10, 2011 --(PR.com)-- Symphony FinTech has been guiding Indian Brokers to enter the field of Automated Trading or Algorithmic Trading since its advent. In this endeavour, SFT got the approval of Three Algo Strategies for a Broker, from National Stock Exchange. Two of the strategies were developed for the prop-desk of the broker while, one of them was developed for the broker’s client (Active Trader).

1. Scalping Strategy
2. Bidding Strategy
3. High Low Break Out Strategy

Strategies were developed over Symphony’s Presto™ Studio and will be running on Symphony’s Presto™. Presto is widely considered as the best platform to Develop / Back- Test / Execute Live, Technical Indicator based Strategies in India.

About Us:

Symphony FinTech is Indian financial industry's leading solution provider of automated trading software for equities, futures, options, commodities and FX. We have offices at Mumbai, India and New Jersey, USA. We focus primarily on our clients' needs to offer customized solutions and increase profitability on trading desks.

Transparency, flexibility, speed and reliability are critical to success in today's automated trading environment. Sophisticated traders use Symphony's automated trading platform to capture latest market opportunities with proprietary algorithms.

Symphony-Presto is a fully customizable, FIX-compliant Algo Development and Execution system for Program trading desks, Retail brokerage and Investment management firms.

Presto provides users the ability to create, test and deploy Trading & Execution strategies and algorithms. Presto’s user interface enables traders to manage & control strategies in real-time.

Customers can use the Presto platform to develop their own custom and confidential strategies. If the customers wish to outsource algo-development projects, Symphony Fintech will gladly undertake such assignments.

(http://symphonyfintech.wordpress.com/symphony-presto-an-algo-trading-solution/)

Other Announcements:

· June 3, 2011
Symphony Fintech receives approval from NSE for live Algo trading on its Presto platform at a leading Retail Brokerage House for Technical Indicator based Trading Strategy.

· Mar 18, 2011
Symphony Fintech receives approval from NSE for live Algo trading on its Presto platform at a leading Institutional Brokerage House for Execution Strategy.

· Oct 11, 2010
Symphony Fintech receives Algo approval for 6th broker from NSE

· Sep 20, 2010
Symphony Fintech receives approval for Algo trading from MCX

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