Thanks for your response, yes I was talking about index options. good to hear there wont be any change.
Today for the core risk management system, we rely on a vendor, which is the last piece of tech which isn’t built in-house. This vendor is Omnesys, owned by Thomson Reuters, Refinitiv, Blackstone, and now the London Stock exchange. We hope to replace this with our in-house risk management system in the next 12 months when we can do many things that are impossible today. Btw, almost all stock brokers today use a vendor RMS product. Omnesys is, I guess over 70% of retail and over 90% of institutional broking business.
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Will the in-house RMS also increase the speed of order execution by few milliseconds, specially during peak hours like market open. Sometimes orders take more than 1 second to reach exchange.
Yeah, we think it will be faster.
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Yeah the company which supports NEST Trader terminal
Switching to in-house system may give you access to build a standalone terminal also – looking forward to that
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@nithin – Any reason why the refund since Oct’21 only and not from the date since this peak margin penalty stuff got implemented ( I think it was back in Dec’2020) ?
There was nowhere explicitly written that penalty can’t be passed until then.
@ShubhS9 Any idea/tentative date until when will the refunds be credited? 75% of my overall short margin penalty (around 34k) were after 11th October.