| Dramatic
changes have swept the futures markets in India in the
recent years. The trading volume of the Futures Exchange
has been steadily on the rise. This has led to the overall
trend towards electronic exchanges.
Although
electronic access is much more commonplace today,
a large number of the traders are still unaware that
although the futures exchange might be electronic,
the access to the main engine itself has often only
been available to Clearing Members and Market Professionals
and not to end users. This sometimes effectively negates
the advantages that the electronic platform provides
to the futures traders.
Many
electronic brokers still only offer their clients
a low-tech online trading solution. This can best
be described as a glorified e-mail system with the
orders still going through a human interface in the
form of dealers in a dealing room. This type of trading
is no doubt still too slow and inaccurate and therefore
still leaves room for improvement in the delivery.
Since
in the Futures market the difference between success
and failure is only measured in fractions of a second,
the professionals and institutional traders usually
consider it is absolutely crucial to be able to have
the ability to look at live bids and offers with full
market depth. In short the traders consider it extremely
essential to have maximum Speed, Accessibility and
Transparency when trading the Futures market.
It
is through the recent developments in technology that
the Interactive futures trading software systems have
been introduced. The futures trading software systems
are greatly empowering the individual trader. Now,
through these futures trading software systems one
can trade on the same terms as the major players in
the global market.
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