Stellar Trading Systems has become the first international fintech to offer co-located trading access to India's National Stock Exchange and Singapore Exchange's India Connect trading division.

London-based Stellar on Tuesday said the Indian link went live on August 31, connecting to both exchanges' order and price APIs via its “co-located infrastructure”, accessible through Stellar’s Global Application Service Provider (ASP) network through Singapore, Dubai and Europe.

“Stellar continues to pave the way in being the first to make commitments to support our customers and deliver viable and previously unobtainable solutions,” said Stellar founder and chief executive Steve Thomas.

“As the first international vendor to support co-located trading solutions in NSE International, we continue to make substantial investments to provide and expand our best of class connectivity solutions.”

The software firm said customers can now trade the NSE IX Nifty USD index and NSE Nifty INR indices as well as other NSE IX and NSE contracts using Stellar’s portfolio of products including arbitrage trading tool SpreadMachine and programmable algorithmic trading engine Quantum.

As well as India’s futures and options markets, Stellar’s solution includes outbound connectivity to “over 50 other international derivatives markets” from its point of presence (POP) in the Bandra Kurla Complex (BKC) district of Mumbai.

Stellar said its ASP solution is also supported by SGX’s India Connect subsidiary and that market's rack space in NSE IX Co-location, which is available to all SGX clearing and trading members.

“India is now one of the most closely watched markets globally and investors are eager for efficient access to its opportunities. With this development, more investors can have direct access to the India equity derivatives market, enjoying faster trade execution and enhanced market transparency,” said SGX head of global sales and origination Pol de Win.

“This expansion strengthens SGX’s trading infrastructure, providing seamless connectivity for our members and their customers to trade the Nifty suite of products. It further enriches the market ecosystem for Nifty, attracting more international participants and fostering growth.”

Stellar said it will further support access for trading Indian Exchanges by adding Multi-Commodity of Exchange (MCX) and Bombay Stock Exchange (BSE) in the “coming months”.

FOW analysis found the global top six derivatives contract lots by volume – all of which Indian index options – outpaced the wider industry in growth across July, remaining a significant driver of growth in global listed derivatives volumes.

The fourth edition of FOW’s Trading India event for the derivatives trading community will take place on September 19 at St. Regis Mumbai.

For more information and registration details, please visit the official Trading India website: https://events.fow.com/d0KWXD?RefId=inhouse