Religare Technova Ltd launches 'TradeExpress'

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afaqs! news bureau
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Company Brief

New Delhi, September 22, 2010

Religare Technova Ltd. (RTL) a leading provider of software solutions to the global capital markets have launched 'TradeExpress', a Mobile trading application.

This application is built on a wireless platform solution that allows trading institutions to provide delivery of real-time mobile financial services to its customers. TradeExpress trading provides full order functionality including order placement, real time quotes, top gainers and losers, indices overview etc through a fast, user-friendly and secure application, available anytime anywhere.

TradeExpress technology includes server and client side technology, designed for easy integration with existing trading systems. It's a complete, multi platform solution, capable of running on a broad range of handsets and is fully prepared for new networks. The mobile trading modules can be provided standalone or as an integrated solution.

A client, who has GPRS/CDMA enabled on his mobile phone, can log on to the site using his existing user id and token and trade in both equity and derivatives exchanges. Clients do not have to install or download any application on their handset. Apart from Trading on mobile, clients can also keep a real time track of Intraday Positions / Exposures, view Market Watch of different profiles, place, cancel and modify order, get stock quotes and much more.

Few clients of Religare Technova have already started trading on mobile based solution as soon as it was launched by Bombay Stock Exchange on 21st September 2010. Standard Chartered - STCI Capital Markets Limited, a premier blue chip brand uses "TradeExpress" as their platform to provide mobile trading to its customers.

Mr. Anuragi Raman (Sr. Vice President-BPEX Deployment Leader & Head - IT) of Motilal Oswal Securities Ltd., said that "TradeExpress developed by Religare Technova Limited is a good solution for Mobile based Trading and has been very well received by our clients. We have a sizeable number of clients logging in on the first day of making it live. It is works on very low bandwidth and can be used easily by beginners. Trade Express gives rates along with reports showing clients orders, trades and margin

Religare Technova Limited COO, India Business, Mr. Abhay Sinha added that, "Launch of mobile based trading by Bombay Stock Exchange is a revolutionary enhancement that will not only provide freedom for anywhere anytime trading to existing players, but will also allow entry to large base of untapped potential. Mobile trading is the next step in the direction of financial inclusion and further expands scope of retail investment in India. At Religare Technova (RTL), we are thrilled with this launch as it takes the Indian trading system to an entirely new level on global scenario. RTL is committed to provide cutting edge technology and support to its clients and business partners through its acclaimed solutions and domain expertise and ensure they are equipped with the best solutions to attain success."

Religare Technova, a global IT solutions provider for Capital markets offers solutions that address an organisation's key needs and requirements. With its presence in over 10 countries, Religare Technova is poised to be a leading global IT and Software Solutions provider. Its domain expertise coupled with the ability to constantly innovate for a changing technology landscape enables it to provide market-leading software and solutions to the global financial markets. Each solution has been designed to increase business efficiency levels and concentrate on the core business.

For further information, please contact:

Religare Technova Limited

Subhrangshu Neogi

Mobile: +919910993925

Email: subhrangshu.neogi@religaretechnova.com

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