Programos Software Group, an indigenous software company with expertise in the computerisation of business transactions in the capital markets in Africa, notably Nigeria and Ghana is strengthening its presence once again with the introduction of two products: CloudIntegra Back-Office Investment Software and CiFIXPro Orders Management System (OMS) Stock Trading Terminal software.
The CiFIXPro EMS/OMS assumed an international status, having made a bullish return with Programos Software’s FIX Trading Community member partners, Fidel Softech Pvt, India outsourced to power the product. CiFIXProOMS exhibits features of connecting stock traders with the active stock exchange markets of any country over Financial Information eXchange (FIX) 5.0 Sp1 language interface which allow booked, modified and cancelled orders of equity or debt instrument market boards get routed to the exchange FIX engines. CiFIXProOMS receives trade executions from the exchange along with related market data for market watch, Analytics, News and automatic trade data processing to back-office with notification system to investors.
According to Amos Emmanuel, the Chief Executive Officer of Programos Software Group and the 1st Vice President Information Technology Association of Nigeria, ITAN, the CiFIXProOMSStock Trading solution is made of Orders/Trades Manager, Risk Management System (RMS), Market Data Manager, OMS-EMS Communication Channel, and Back-End Management System that integrates seamlessly with the back-office CloudIntegra Software.
He explained that the related technology solutions will protect the investors by ensuring an inclusive portfolio management, which permits openness in transparency, loss salvaging and optimal return boosting in the face of common market risks and turbulence that have made many run away from the capital markets. He further emphasized that the new technologies being deployed by numerous stockbrokers in the country, both novice and expert investors can return to the market as they have better chances now.
Given high cost of technologies, and severe present-day risks of sharing OMS infrastructure to operators in an unreliable broadband service environment, coupled with demerits from corporate governance concerns, Programos Software, a firm that has groomed the Nigeria and Ghanaian Capital Markets the longest, has appointed a marketing outfit to execute its new pay-as-you-go sales model to qualifying firms especially existing customers on old version with terms ranging from one to two years of monthly rentals with such small costs as values for renewing internet subscriptions for medium sized organizations.
Also speaking, Michael Attah, Head of Technical Support Services at Programos said with the CloudIntegra-CiFIXPro, stockbroker and investor’s confidence will be boosted by the satisfaction they will derive from these technologies. He added that the capital market stability and growth are now being powered globally by innovative e-contents.
“CloudIntegra and CiFIXPro products have been planned to offer positive impact on the growth for the capital market operators in line with global Stock Exchange minimum operating standards,” he said.
