IronOne Technologies, the leading stock market software solutions provider in Sri Lanka, has been chosen by the new-entrant Indian brokerage India Infoline Securities as the IT services provider for its operations in Sri Lanka.
An IT Services Agreement ratified by the two companies in Colombo recently paves the way for IIFL Securities to source its total software platform requirements from IronOne, including the latter's instantly-deployable industry-leading Atrad Solutions Platform.
Ms. Priyani Ratna-Gopal Country head of IIFL Securities Ceylon (Pvt) Ltd., Ms. Lakmini Wijesundera Director & CTO of IronOne Technologies, Mr. Shalitha Wijesundera Vice President Corporate Affairs and Mr. Fazeen Asmone Vice President of Stock Market Solutions were present at the exchanging of the agreement.
IronOne Technologies' Atrad stock market software platform has been selected and launched for back office operations including General Ledger (GL) and internet online trading, to effectively cater to domestic and foreign institutional investors in Sri Lanka.
Speaking at the occasion, Ms. Ratna-Gopal stated that in August, technology experts from IIFL's Indian parent company had evaluated the stock market solutions available in Sri Lanka against the option of customizing and launching their Indian solution at IIFL in Colombo. They were impressed with the Atrad solution platform as it is deployable immediately to facilitate the start of operations without the need of any extra customization delay, she said.
The experts had also noted that the Atrad solutions platform handles the total IT needs of the brokerage firm from online trading (front office solution) to the back office solution including GL accounting.
Ms. Ratna-Gopal added that "Specifically, the inclusion of the General Ledger and total accounting solutions in IronOne's platform and the fact that it was ready for operational live deployment within one day were key factors for our decision." Atrad solutions are deployment-ready sans any customization for the Sri Lankan market and CSE requirements.
Ms Ratna-Gopal added: "IIFL Securities Ceylon is now already fully operational with Atrad. Therefore our decision to use a ready-to-use solution such as Atrad has been a vital enabler for us to be operational immediately."
IronOne Technologies is a privately owned company with offices in Austin Texas USA and Colombo Sri Lanka. The company is a Gold-certified Microsoft Partner and also a Sun certified partner. The IronOne technology center located in Colombo 4, Sri Lanka has over 65 IT professionals and serves a global clientele with a focus on the financial sector.
IronOne Technologies has a product portfolio which covers 'InfoSense banking' a business Intelligence solutions for banks, specialized mobile technology solutions including iPhone and blackberry device support and Atrad stock market solutions. Co-founding Director and Chief Technology Officer Ms. Lakmini Wijesundera personally spearheads the Atrad - Stock Market Solutions division of IronOne as it is the fastest growing business line of the company. With a view to expanding the product and continuously improving its features, Fazeen Asmone joined as the Vice President of Stock market solutions, having previously worked at a leading stockbroker firm.
Currently eight leading stockbrokers use Atrad solutions to provide web-based online market access and web-based back office which includes processing of settlements and accounting functionality. The solution is used by both foreign owned broker firms with operations in Sri Lanka, in addition to local brokerage operations.
Caption
Ms. Lakmini Wijesundera Director & CTO of IronOne Technologies (left) and Shalitha Wijesundera, the company's Vice President Corporate Affairs exchange the agreement with Ms. Priyani Ratna-Gopal Country Head of IIFL Securities Ceylon (Pvt) Ltd.
source - www.dailymirror.lk
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