Smooth Transition by IronOne’s ATRAD online with the CSE


When the Colombo Stock Exchange upgraded its Automated Trading System with Version 7 on Feb. 24, IronOne Technologies was at hand to ensure that the online traders were not out in the cold, a company news release said.

With a simultaneous launch at all 15 brokerage houses where ATRAD is currently in use, IronOne transited to its upgrade FIX 5.0/FAST Protocol to the greater satisfaction of all its clientele. The ATS 7 is a sophisticated system with many new functions, and, IronOne’s platform integrated them easily in FIX 5.0/FAST version of the ATRAD.

"The FIX5.0/FAST provides significant improvement to the speed, scalability, performance as well as improved reliability and security to name a few of its key benefits provided to the connectivity between the Colombo Stock Exchange and the Broker firms,’’ the release said.

Several broker firms expressed their satisfaction with Ironone’s ATRAD upgrade.

Mrs. Prasansani Mendis, CEO NDB Stockbrokers stated "We wish to thank IronOne for successfully taking us through the change over to the new FIX 5.0 FAST upgrade of the ATRAD online trading application. The IronOne team was continuously working with our IT and sales teams throughout the mock trading sessions to accomplish this feat. We appreciate the support extended to NDB Stockbrokers during the last 3 years in implementing and upgrading the IT systems."

Managing Director of Capital Trust, Mr. Tushan Wickramasinghe stated "I wish to congratulate Ironone and the ATRAD solution team on a successful FIX5.0/FAST upgrade launch. ATRAD has proved to be a reliable online solutions provider. We are pleased with the FIX5.0/FAST upgrade of the ATRAD online system at Capital Trust which had a smooth transition to the upgraded version. He further added "ATRAD is offered by Capital Trusts to it’s users for online trading for over eight years, and it has a feature set meeting the needs of  investors to effectively for keep track of their portfolios, watch the market information and charts,  and to buy and sell stocks with ease."

The Group Manager - IT of the Capital Trust Mr. Upul Dissanayake stated that "As the Group manager of the IT division of Capital trust I wish to state that we are very satisfied with the upgrade of ATRAD FIX5.0/FAST version. ATRAD’s web based access helped our clients to access the system with quickly without additional setting up which also contributed to a smooth upgrade. "

The CEO / Director of SC Securities, Mr. Harsha Fernando is a new entrant to the ATRAD online trading network along with the FIX5.0/FAST upgrade. Mr. Fernando stated "We are impressed with the ATRAD team’s smooth handling of the FIX5.0/FAST implementation at SC. We were updated regularly on the advancements made by ATRAD team and our clients have expressed their immense satisfaction.

"IronOne Technologies is proud to bring the next generation of messaging standard to Sri Lanka in collaboration with CSE; FIX capitalizes on ATRAD’s state-of-the-art technology and extensive stock market solutions expertise. It is designed to improve the efficiency of Sri Lanka’s equity markets." stated Mr. Tiranjan Bulankulame, Vice President of IronOne Technologies Stock market solutions division.

Ms. Lakmini Wijesundera, CEO, Asia Pacific Ironone Technologies added that "IronOne Technologies’ ATRAD is the most long standing reliable brand with a track record of over eight years of solutions provision to CSE broker firms in Sri Lanka." ATRAD boasts of over 15 broker houses deploying their software in the country, which exceeds 50% market share and its brand is continuing to grow through its’ expansion initiatives. "

"ATRAD has a host of new online trading solution service offerings targeted to make trading simple for Retail investors, ranging from web to mobile accessibility with ease." stated Mr. Bulankulame, Vice President of IronOne Technologies Stock market solutions division.

Ironone Technologies provides software solutions such as online trading, broker back office and margin solutions. It also has enterprise and mobile solutions for Banks, Insurance, Telecom and general corporations, which are available on Apple iPad, iPhone and Android mobile device, the company said.

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