Thomson Reuters Acquires Majority Stake In Omnesys Technologies
by Charmi Gutka
Thomson Reuters is buying a majority stake in Bangalore-based software service provider for securities and currency trades, Omnesys Technologies, for an undisclosed amount, Et states.
The present management of Omnesys will continue to run the company with non-promoter shareholders maintaining their stake.
Founded in 1997 by Shrikant Pandit - an ex-Infosys Director, Omnesys Technologies is a provider of multi-asset, multi venue trading systems.
The National Stock Exchange (NSE) holds a 26% stake in the company through its wholly owned subsidiary - Dotex. In 2010, Intelcap invested in the company and holds around 12% stake.
This June, Omnesys Technologies acquired controlling stake in Chennai based Harsa IT Solutions Private Limited, a provider of back office, PMS and wealth management products.
Omnesys software provides market data and connectivity solutions to both the buy-side and sell-side firms. The product suite is available as a firm or broker hosted model, and in a Software As a Service (SaS) Model.
The product OMNESYS NEST is used by leading brokerage houses both in India and the UAE on Institutional Desks, DMA gateways, Automated / High Frequency trading, Internet trading, Mobile Trading, Retail and proprietary trading desks.
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