Mumbai, India, July 22, 2012 --(PR.com)-- Symphony Fintech, a provider of Algorithmic Trading Systems, today announced that NSE has approved an Algo-Presto with Trade Tiger-MAcrossover for use by Sharekhan. The algorithm works in coordination with Sharekhan’s Trade-Tiger front-end. Symphony had worked for very closely with Sharekhan tech team to develop & test the "Presto with TradeTiger" MAcrossover Algorithm.

Addresses a common problem that Sophisticated Traders face-

The "Presto with TradeTiger" algo addresses a common problem that sophisticated traders face in tracking positions in the F&O segment, which can be volatile as the expiry-date gets closer. The algo tracks multiple technical indicators and facilitates ready to place orders for the dealer to the exchange for optimal price/quantity. After a position is taken, the algo continuously monitors profit-taking and stop-loss parameters for an optimum exit. Special logic is applied to detect opportunistic roll-over conditions.

Value-add service for many clients-

"Symphony Fintech's turnkey algo allows Sharekhan to offer value-added services to its clients," said Ketan Parekh, Head of Technology, Sharekhan. "The strategy is integrated into Trade-Tiger for NSE F&O segment.”

Sharekhan is India’s leading online retail broking house with its presence through 1800 "Share Shops" in 550 cities and serving more than 1 Million customers across India.

Founded in 2010, Symphony Fintech is exclusively focused on providing Algorithmic Trading Solutions for the Indian Capital Markets.

Contact Information:
Symphony Fintech Solutions Pvt. Ltd.
Shantanu Uni
+91-022-66960040 Ext-162
Contact via Email
symphonyfintech.com
Sidharth Shah, +91 22 61169536, sidharth@sharekhan.com

http://www.sharekhan.com

Click here to read the full story: Symphony Fintech Receives NSE Algo Approval for Sharekhan

Press Release Distributed by PR.com