Polaris acquires SaaS provider IndigoTX

Chennai: Financial technology solutions provider Polaris Software Lab Limited today announced the acquisition of software as a service (SaaS) provider IndigoTX,  which, provides GO TX enterprise brokerage solution for the securities market on a pay per use model.

Indigo's brokerage platform runs on a GRID architecture providing tremendous amount of scalability and performance using commodity hardware platforms.

The system allows brokers the luxury of a single platform that provides trading in multiple instruments 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. A brokerage customer pays the company on a pay per use model, under which the company provides access to all its solutions and technologies by pricing it on a usage basis.

The solution provides continuous updates of its software to its customers. This helps brokerages to focus on their business rather than worry and manage technologies that are constantly changing and evolving and also relieves them from the pressure of continuous capital investments.

For large brokerage firms, the value proposition is that it provides tremendous amount of operational efficiency as a result of its single integrated platform.