Bangalore-based Omnesys eyes retail thrust, overseas markets

The National Stock Exchange (NSE) holds a 26 per cent stake in the company promoted by Shrikant Pandit, an ex-Infosys Director.

"Our services are targeted at the capital market segment in the BFSI space. We provide front-office and mid-office solutions to both buy-and-sell-side firms. We have licensed our product to the NSE and we have several institutions as our clients. Now we plan to target large retail brokers," the company's Founder and CEO, Shrikant Pandit, told PTI here.
With the NSE, Omnesys provides the software hosted by the Exchange to which brokers can connect and create a virtual environment for trading, he said.

The company, set-up in 1997, now plans to add new features such as the distribution of Dow Jones news real-time, he said.
Edelweiss, SMC, Kotak Securities, Motilal Oswal and Enam Securities, among others, are some of its key clients.

"We are looking at entering overseas markets such as Singapore, Dubai and the African countries. In these countries, the models are similar to ours and we enjoy a price advantage as well. Hence, our focus here," Pandit explained.
Omnesys plans to set-up a 200-seater campus in Mangalore where it will have its development team.

"We have already obtained the land and construction should start in Q3 or Q4 this year. The campus should be ready in about 18 months," Pandit said.

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