Polaris acquires IndigoTX

Polaris acquires IndigoTX

Chennai: Polaris Software Lab Limited, a leading financial technology company on Friday announced acquisition of IndigoTX, a company that provides GO TX, an enterprise brokerage solution for the securities market on a pay per use model.

The GO TX brokerage platform is a cutting edge technology platform that runs on a GRID architecture providing tremendous amount of scalability and performance using Commodity hardware platforms. A GO TX brokerage customer pays the company on a pay per use model, a company release said.

Under this model, the company provides trading in multiple instruments each such as equities, derivatives, mutual funds, commodities and currencies, providing access to multiple markets besides integrating the front, middle and back-office functions.

The Go TX layered architecture also allows it to integrate internet access, desktops and other user access devices into a single platform, the release added.