Mumbai, India, March 21, 2013 --(PR.com
)-- Symphony Fintech, a provider of Automated Trading Systems, today announced collaboration with Compositedge. Symphony will deploy its cutting edge Algo Platform, Presto at Compositedge.
This combined offering will enable Compositedge clients to develop, test and deploy their algos seamlessly. This offering addresses a common problem that power traders face in India to automate their algos.
Symphony's Presto platform can be used to develop 'Trading Strategies' based on fundamental/technical indicators with Live (Intra-day) or historical-data. One can back-test the strategies after they are developed and paper-trade the strategies and then, these strategies can be made available to in-house traders as well as active-traders & sophisticated HNI/retail investors.
Speaking on the occasion Mr. Satish Dutt, MD & CEO of Compositedge remarked “Algo trading based on advanced charting techniques are widely used by sophisticated traders and we are glad to be able to provide software tools from Symphony Fintech that will automate most of the steps thereby reducing manual intervention, cut trading and impact costs, and ensure better execution.”
Praveen Gupta, CEO of Symphony Fintech said "Our advanced back-testing and paper-trading features allow Compositedge to offer value-added services to its clients."
Based in Bangalore, Compositedge is a division of Composite Investments Pvt. Ltd., a brokerage firm of over 17 years standing. Compositedge provides an almost zero brokerage platform with charges fixed at Rs.25/- per order irrespective of the size of the order.
About Symphony Fintech:
Founded in 2010, Symphony Fintech is exclusively focused on providing Automated Trading Solutions for the Indian Capital Markets.