New Delhi, June 9 (IANS) 63 moons technologies on Tuesday said the company would offer 50 per cent discount to brokers on its software ODIN, after the National Stock Exchange (NSE) reportedly decided to shut its proprietary trading software NOW.
Apart from providing the pricing discount, ODIN, which holds approximately 70 per cent of the retail broking market share in trading software, has also decided to offer technological support and enable a smooth transition of trading terminals from NSE’s NOW and ensure business continuity of the brokers in this hour of Covid-19 crisis.
Keshav Samant, CEO – Brokerage Technology Solutions, 63 Moons Technologies Ltd, said: “We are committed to serving the financial markets by making ODIN as a more user-friendly product remains unwavering. We are continuously working at making Odin a more innovative platform with cutting-edge solutions.”
ODIN has been a market leader for more than two decades, catering to trading requirements of brokerages. Since it was conceptualised, it has been innovation-centric and still holds the numero uno position.
NSE NOW, the licensed trading software offered direct connectivity to the NSE for trade execution and data feeds through trading terminals, web-based browsers and mobile devices, has suffered some technical issues in the past.