Germany’s RTS Realtime Systems Group is planning to open a data center in Mumbai in a partnership with India’s Tata Communications to cater for the financial services market.

 

It also acquired First Futures Software Engineering (FFS), a technology solutions provider based out of Pune, India, this week.

 

The new Mumbai data center will be built to offer hosting services for firms trading on multiple Indian Exchanges, including the Multi Commodity Exchange of India (MCX), the National Commodity and Derivatives Exchange (NCDEX) and the National Stock Exchange of India (NSE).

 

RTS CEO Steffen Gemuenden said the acquisition provides the company with an experienced team in India, and will supplement its Mumbai office.

 

"Our acquisition of FFS enables us to have a strong presence on the ground in India with a highly skilled, experienced development, sales and support team composed of over two dozen professionals," Gemuenden said. 

 

The former FFS office will become the company’s India development headquarters, while the Mumbai office will focus on sales and customer support.

 

RTS has operations globally, including some in the Asia Pacific in  Singapore, Sydney, and Hong Kong. 

 

The company provides various trading solutions and software packages for order routing and algorithmic trading systems, as well as data center services to financial institutions to support their trading systems.