Firm boosts capital market operations with new software
PROGRAMOS Software Group, an indigenous software company with expertise in the computerization of business transactions in the capital markets in Africa, notably Nigeria and Ghana is strengthening its presence once again with the introduction of two products: CloudIntegra Back-Office Investment Software and CiFIXPro Orders Management System (OMS) Stock Trading Terminal software.
The CiFIXPro EMS/OMS assumed an international status, having made a bullish return with Programos Software’s FIX Trading Community member partners, Fidel Softech Pvt, India outsourced to power the product.
CiFIXProOMS exhibits features of connecting stock traders with the active stock exchange markets of any country over Financial Information eXchange (FIX) 5.0 Sp1 language interface which allow booked, modified and cancelled orders of equity or debt instrument market boards get routed to the exchange FIX engines. CiFIXProOMS receives trade executions from the exchange along with related market data for market watch, Analytics, News and automatic trade data processing to back-office with notification system to investors.
According to the Chief Executive Officer of Programos Software Group and the 1st Vice President Information Technology Association of Nigeria (ITAN), Amos Emmanuel, the CiFIXProOM SStock Trading solution is made of orders/trades manager, risk management system (RMS), market data manager, OMS-EMS communication channel, and back-end management system that integrate seamlessly with the back-office CloudIntegra Software.
He explained that the related technology solutions will protect the investors by ensuring an inclusive portfolio management, which permits openness in transparency, loss salvaging and optimal return boosting in the face of common market risks and turbulence that have made many run away from the capital markets. He further emphasized that the new technologies being deployed by numerous stockbrokers in the country, both novice and expert investors can return to the market as they have better chances now.