Commex Technology Ltd (CTEL)

Commex Technology Limited, together with its subsidiaries, provides software products and solutions to the capital and commodities markets worldwide. Its products include Xmatch, a set of solutions for facilitating and managing operations necessary for an exchange; Xtrade, a trading solution, which allows the user to watch market prices and execute orders through real time price streaming; and X Act, a browser based clearing and settlement system and a back office solution for exchanges to handle various markets and market segments in a single user interface. The company also provides Xview, a browser based online surveillance system that consists of online and offline monitoring risk management at member level; and XBoss, a multi exchange and multi segment solution that offers functionality for mid and back office operations. In addition, it provides flash based charting solution for intraday, commodity, equity, derivatives, currency, and interest rate futures instruments; and Web based solution for factoring of invoices, which automates the process of bill discounting for banks and financial institutions. Further, the company offers custom application development, application management, package implementation, onsite consultancy, and offshore outsourcing services; and information technology consulting services. The company was formerly known as IT People (India) Limited and changed its name to Commex Technology Limited in November 2011. Commex Technology Limited was incorporated in 2000 and is based in Mumbai, India.