Tag Archives: Broker

Destimoney selects Symphony’s Presto ATS for Algo Trading

Symphony Fintech announces collaboration with Destimoney 

  • Solution to be used for Sub-Brokers of Destimoney
  • Addresses a common problem faced by Power Traders
  • Enables Value-add service for many clients

Mumbai — March 11, 2013 — Symphony Fintech, a provider of Automated Trading Systems, today announced collaboration with Destimoney. Symphony will deploy its cutting edge Algo Platform at Destimoney. This combined offering will enable Destimoney to develop, test and deploy their algos seamlessly.

Destimoney Logo

This combined offering addresses a common problem that power traders face in India to automate their algos. Symphony’s Presto platform can be used to develop ‘Trading Strategies‘ based on fundamental/technical indicators with Live (Intra-day) or historical-data. One can back-test the strategies after they are developed and paper-trade the strategies and then, these strategies can be made available to in-house traders as well as active-traders & sophisticated HNI/retail investors.

Speaking on the occasion Mr. Sudip Bandyopadhyay, MD & CEO of Destimoney Securities remarked “Algo trading is here to stay and it will define the future of trading in India. Our Algo trading on Symphony’s platform is a cutting edge application which will reduce manual intervention, cut trading and impact costs, and ensure better execution”.

Anand Maliwal, Chief Technology Officer at Destimoney said “Symphony Fintech’s turnkey solution allows Destimoney to offer value-added services to its client. Symphony’s algo platform will be used by our Analysts & Researchers to roll out our Algos for our customers”.

 About Destimoney:

Established in 2006, Destimoney is one of the leading full service financial organizations in India with a focus on ‘Option Strategy Broking’. Destimoney has a manpower strength of over 850 dedicated employees with 45 branches and 1500 Sub – Brokers/ Authorised Persons present in 20 states,

About Symphony Fintech:

Founded in 2010, Symphony Fintech is exclusively focused on providing Automated Trading Solutions for the Indian Capital Markets.


Business Standard Article-Destimoney deploys Presto ATS for Algo Trading

For more information:

Symphony Fintech Solutions Pvt. Ltd.

Shantanu Uniyal:  +91 22 40190900, shantanu.uniyal@symphonyfintech.com


Destimoney Securities

Anand Maliwal: 09769296690, anand.maliwal@destimoney.com


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Algo trading for Institutional Brokers: Symphony’s Presto™

Institutional Brokers : Institutional Traders in India are technology driven and would like to learn and adopt new technology if it increases their clients’ bottom-line. They are most apprehensive of missing out on market opportunities or worse, select the wrong opportunities.

Symphony FinTech being a pioneer in the Algo Trading Automation, have worked with various Institutional Brokers and provided them a completely customized solution.

Go through the Case Study Institutional Broker 

Symphony FinTech’s expertise in Algo Trading field enabled Institutional Brokers to:

Capitalize on the previously missed opportunities which translate to better alpha.

  • Trade on increased number of Scripts/Symbols.
  •  Each dealer of the client is now able to handle greater volume.
  •  Client has increased bandwidth to handle more customers.
  •  Tap FII investors looking out for automated Platforms / Trading strategies.
  • With back-testing/Paper trading capabilities, utilize full potential of your research team.
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