Itiviti, the leading global provider of multi-asset trading technology and financial infrastructure, today announced that Kotak Institutional Equities (KIE), one of India’s leading brokerages, has extended the use of Itiviti’s connectivity platform and deployed Enhanced Direct Market Access (EDMA) to support the firm’s growing equities and derivatives trading business, and to enhance services to its global clients.
KIE has successfully deployed an Itiviti FIX solution to address its connectivity challenges. Recognizing the benefits brought by Itiviti, KIE decided to add EDMA to manage the complexity of their clients’ ever-growing requirements. With EDMA, KIE can handle multiple order types and send synthetic GTC and GTD orders. Itiviti’s EDMA module enhances a broker DMA channel by enabling order queuing and order retention functionality to ensure that orders are managed smoothly across markets.
The addition of EDMA further enhances KIE’s order management capabilities, as their trading desk can now ensure that different order types are handled efficiently according to clients’ requirements. Itiviti’s modern and easily scalable FIX Hub allows KIE to plug in new modules as needed, which gives the firm the flexibility to introduce new and valuable services to clients, thus helping them to stay ahead of the competition.
“KIE is a prominent Itiviti client in India, and we are delighted to help enhance one of the strongest electronic desks in this market with more of our industry-leading solutions,” commented Ofir Gefen, President APAC, Itiviti. “Our long-term partnership with KIE clearly demonstrates their trust in Itiviti’s solutions, technology and services. This is a further testimony to Itiviti’s strong commitment to growth across the region.”
