Polaris Software Lab, a software provider based in Chennai, India, said Friday it has acquired IndigoTX, a Software as a Service (SaaS) company also based in Chennai that provides GO TX, an enterprise brokerage solution for the securities market that operates on a pay-per-use model.

The GO TX System offers brokers a single platform that provides trading in multiple instruments such as equities, derivatives, mutual funds, commodities and currencies, offering access to multiple markets besides integrating the front, middle and back-office functions. ”The GO TX layered architecture also allows it to integrate internet access, desktops and other user access devices into a single platform,” Polaris said in a release.

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