TRADING SYSTEM USED BY MEMBERS OF SOUTH ASIAN

FEDERATION OF EXCHANGE

Bombay Stock Exchange

To facilitate smooth transactions, BSE had replaced its open outcry system with the BSE On-line

Trading (BOLT) facility in 1995. This totally automated, screen-based trading in securities was

put into practice nation-wide within a record time of just 50 days. The Bombay On-line Trading

System (BOLT) is CMC's on-line Trading System for trading in Stocks. BOLT has been certified

by DNV for conforming to ISO 27001:2005 security standards. It is one of the few Stock

Trading systems around the globe, which handles hybrid/mixed mode of trading. The capacity of

the BOLT platform stands presently enhanced to 80 lakh orders per day.

CMC was incorporated on December 26, 1975, as the 'Computer Maintenance Corporation

Private Limited'. The Government of India held 100 per cent of the equity share capital. On

August 19, 1977, it was converted into a public limited company.

(http://www.cmcltd.com/industry_practices/banking_finance/finance_bolt.shtml)

Chittagong Stock Exchange Limited

Chittagong Stock Exchange was the first stock exchange in the country to introduce automated

trading system on June 1998. The trading system at CSE was known as CHITTRA at that time.

On October 20, 2011 Chittagong Stock Exchange launched its much awaited Next Generation

Trading System (NGTS). Through NGTS project CSE introduced a very powerful matching

engine capable of handling 2500 orders/sec, 1000000 orders/day. The system is highly scalable

and can scale up to even higher order and contract rates. CSE integrated the products

"Millennium Exchange" from Millennium IT ( a member of the London Stock Exchange group)

and "goTX" from Polaris Lab to introduce a powerful real time online trading platform.

MIT solution supports multiple asset class, multiple market structure and comprehensive range

of order types. Multiple trading methods and trading across multiple order books are also

supported.

(www. milleniumit .com )

Colombo Stock ExchangeThe CSE operates 3 main systems

The Central Depository System

Automatic Trading System

Debt Securities Trading System

The CSE commenced the process of automating the Exchange in 1991 with the installation of the

Central Depository System (CDS) and an electronic clearing and settlement system for share

transactions. This automation process was completed with the commissioning of the Automated

Trading Systems (ATS) in 1997. The technology introduced by the Exchange significantly

enhanced the competitiveness of the CSE and provided a more efficient and transparent market.

The CSE introduced a state of the art DEX system in 2004 for the trading in corporate debt

securities and in the beneficial interest of government Treasury Bills and Bonds which came into

effect from 1st August 2005. All three systems are introduced by Colombo Stock Exchange.

(http://www.cse.lk/technology.do )

Dhaka Stock Exchange

The application, which runs in DSE for trading, is called TESA (The Electronic Securities

Architecture). TESA has two parts: MSA (Member's Server Application) & TWS (Trader

workstation). MSA is the "Gateway" between the traders and the Stock Exchange, which

manages all the transactions and database operations between the traders and the Trading Engine.

TWS is the Front-end Application closer to investors, where they can submit Buy/Sell orders for

their desired securities.

TESA (The Electronics Securities Architecture) is the Trading software (Based on HP

proprietary O/S & DBMS). It has developed in view of Distributed Database system. In the

client site it is being using SQL as local Database.

In STSD (Signal trader Single Database) system both MSA & TWS are running on a Windows

2k Professional /XP Professional workstation and for MTSD (Multiple trader Single Database)

MSA install in a Windows 2k Server & the TWSs are in different Windows 2k Professional /XP

Professional workstation-using members in house LAN.

(http://www.dsebd.org/dse_automation.php)

National Multi-Commodity Exchange of India Limited

The National Multi-Commodity Exchange (NMCE), the country’s first online commodity

exchange, has signed an agreement with Financial Technologies India (FTIL) for using its

trading software, ODIN. NMCE has paid Rs 75 lac INR to FTIL for the trading solution.

(http://www.ftindia.com)

NMCE was using exchange-level software developed by CMC (http://www.cmc1.com)

Pakistan Mercantile Exchange

Pakistan Mercantile Exchange (PMEX) signed an agreement with Catalyst IT Solutions to

provide them with a technology platform whereby PMEX brokerage houses will be able to offer

online trading platforms, mobile trading platforms and SMS alert services to their clients.

Under this agreement, Catalyst IT Solutions – a company that provides similar platforms to

equity brokerage houses in Pakistan – has integrated its own front office trading software Kinetic

with the Electronic Trading System (ETS) of PMEX in a manner that would enable brokers of

PMEX to use this software as well as offer it to their clients.

The main components of Kinetic include are Trade Cast (an online trading platform), Tick (a

mobile trading platform for i-phone, Android and Blackberry) and Flux (for SMS alerts).

Once the process of integration is complete all orders of PMEX brokers can be placed and

executed via the platform provided by Kinetic. This service will be available to all PMEX

brokers who opt to avail this facility via Kinetic for PMEX registered futures contracts.

(http://www.catalyst.pk)

Multi Commodity Exchange & MCX-SX

Multi Commodity Exchange (MCX), MCX Stock Exchange (MCX-SX) used trading software

made by Automated Trading Technologies Private Limited.

Automated Trading Technologies Private Limited is a specialized software development

company focusing on Commodity and Currency Trading Sector. The main objective of the

company is to develop software for Fully Automated Trading in various trading environments.

(http://www.autotradetech.com)

Royal Securities Exchange of Bhutan

Royal Securities Exchange of Bhutan advanced and systematic trading of instruments will be

possible using the InfoTech’s software called Capizar. The new software system will consist of

comprehensive broker accounting facilities, trading engine, clearing and settlement functions,

central depository functions, market surveillance and an IPO engine.

(http://www.itcinfotech.com)