Description
The ppt is explaining about IT implementation in BSE.
Overview of Different IT Systems Implemented by BSE
Introduction to BSE
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Bombay Stock Exchange Limited (the Exchange) is the oldest stock exchange in Asia with a rich heritage It was established as "The Native Share & Stock Brokers Association" in 1875 First stock exchange in the country to obtain permanent recognition in 1956 from the Government of India under the Securities Contracts (Regulation) Act, 1956 The Exchange is professionally managed under the overall direction of the Board of Directors. The Board comprises eminent professionals, representatives of Trading Members and the Managing Director of the Exchange The Exchange has a nation-wide reach with a presence in 417 cities and towns of India
History
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?
?
?
All started in the 1850's An informal group of 22 stockbrokers began trading under a banyan tree opposite the Town Hall of Bombay from the mid-1850s, each investing a (then) princely amount of Rupee 1. This banyan tree still stands in the Horniman Circle Park, Mumbai. The informal group of stockbrokers organized themselves as The Native Share and Stockbrokers Association which, in 1875, was formally organized as the Bombay Stock Exchange (BSE).
History
India’s century old trading system was known as “Badla” ? Minimally regulated and risky system allows investors to trade stocks with little cash ? Settlement can be 5 days later or further delay can be made by paying a fee ? System was prone to abuse
?
History
Heavy gamblers can lose money for days without the market knowing much ? That's what happened in March on the Calcutta Stock Exchange. Market guru Ketan Parekh and his followers failed to cover their badla-financed positions, and the Indian market went into a tailspin from which it has yet to recover.
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History
?
“Historically an open-cry floor trading exchange, the Bombay Stock Exchange switched to an electronic trading system in 1995. It took the exchange only fifty days to make this transition”
Problems Faced By BSE
Outdated Trading and settlement procedures ? Poor Investor Protection ? Recalcitrant attitude of the brokers and the administration at BSE
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Scenes Behind the IT Implementation
Critical Reforms from SEBI ? Government determination to reform stock markets ? Rise of NSE - Altered the Stock Market Landscape - State of the art trading services - Challenged the dominant position of BSE started to lose their market share BSE
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BOLT - Bombay Online Trading System What is online trading?
Online trading is the investment activity that takes place over the internet without the physical inclusion of the broker. ? An end user needs to register with an online trading portal like ICICIDirect.com, MotilalOswal.com etc ? Real time order processing ? Instant update on the trading and status of orders
?
Advantages
Reliable and convenient ? Latest Updates on the market ? All transactions and related documents can be seen online
?
Disadvantages
Disconnection of internet ? PC problem, electricity cut-off etc
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BOLT - Facts:
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?
?
Development started in 1993 BOLT went live on March 14, 1995 Electronic share launched Demat Account introduced 1st launched in Kolaba, gradually expanded in Ghatkopar, Mulund and Thane In 2000 with huge expansion it was expanded across 400 cities in India Both online and traditional trading were run for 1 year.
BOLT – Technology Involved
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It is a two tier architecture More than 8000 traders workstations, networked on Ethernet, VSAT and MLDN are connected to the back end server, Tandem, that acts as a communication server and central trading engine. Transaction monitoring facility – Data integrity through non stop SQL The user interface or front end is developed in VB The hardware is supplied by HP.
BOLT – Architecture
Info on BOLT
BOLT is kept open from 8 AM to 10 PM ? The server is never shut down. ? BOLT has been upgraded thrice.
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Advantages of BOLT
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The total business transaction shot to 5000 Cr from pre online era 500 Cr. There were 17000 participation Increases trading capacity of the stock exchange Improve market transparency, eliminate unmatched trades and delayed reporting Smooth market operations using the latest technology
Continued…
?
? ? ? ?
Promote fairness and speedy matching Provide for on-line and off-line monitoring, control and surveillance of the market Provides trade data using electronic media to the broker using an interface with the broker's back-office system Provide a sophisticated, easy to use, graphical user interface (GUI) to all the users of the system Provide analytical data for use of the Stock Exchange
Disaster Management System
Disaster recovery site ? The real time transaction is replicated point to point basis. So data can be recovered. ? Only at the peak hour there is a lag of 4-5 minutes. ? DR Site is located outside Mumbai for safety.
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BSE Webx
BSEWebx is a hosted service offered by Bombay Stock Exchange Ltd. for the benefit of brokers and their investors. ? It is a content and feature rich application with an intuitive graphical user interface ? Built on highly scalable Internet infrastructure. ( www.bsewebx.co.in )
?
BSE Webx
Products offered by BSE Webx
BSEWebx Eazy ? Investors can view Online quotes, market depth, indices, and company related announcements on scrips.
? ?
The Investors can place orders, track the status of orders placed and confirmations on trade execution and view their Net/Margin positions.
BSE Webx
? ? ?
BSEWebx Classic Investors can create his own portfolio of scrips
Investors can view portfolio of scrips in the market watch online. The Investors can place orders, track the status of orders placed and receive confirmations on trade execution and view their Net/Margin positions.
?
BSE Webx
BSEWebx Premium ? Investors can create multiple portfolios of scrips for market watch
?
?
The Investors can place orders, track the status of orders placed and receive confirmations on trade execution and view their Net/Margin positions.
How is BSE Webx better than other Internet Trading Portals
?
Hardware infrastructure is very robust hence large number of clients can be handled as compared to other portals.
Live Streaming quotes which enables automatic refresh. Being Webx server and Exchange server physically located in the same data center clients get the better speed as compared to other portals. Disaster Recovery site available in case of emergency as backup.
? ?
?
?
Minimal Charges for clients and brokers
Entire Network Diagram
BOSS – online surveillance system – Developed by Wipro
?
? ?
Real time detection of misuse or violation Based on Oracle’s new in memory database TimesTen The surveillance will cover positions in both the derivatives and the cash market.
Main Objectives of Surveillance
Monitoring Price ? Detecting Potential “Market Abuses” ? Managing risk by taking timely actions
?
ERP Implementation – By Patni
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? ? ? ?
?
Oracle ERP Solutions Includes multiple modules of Oracle financial suite and core HRMS Phased approach – financial accounting was incorporated, HRMS followed soon Went live in April, 2006 Total transaction chain apart from purchase has been automated; time came down from 2 months to 15 days. Leave application, CV uploading have been automated; not yet salary automation
IT Project Management Essentials
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Change Management - Display of Critical Information - Uploading of trades by brokers into the Central System - Online Trading
IT Project Management
Clear Business Objectives ? Categorizing Projects ? Choosing a Platform ? Risk Management
?
doc_327194356.ppt
The ppt is explaining about IT implementation in BSE.
Overview of Different IT Systems Implemented by BSE
Introduction to BSE
?
? ?
?
?
Bombay Stock Exchange Limited (the Exchange) is the oldest stock exchange in Asia with a rich heritage It was established as "The Native Share & Stock Brokers Association" in 1875 First stock exchange in the country to obtain permanent recognition in 1956 from the Government of India under the Securities Contracts (Regulation) Act, 1956 The Exchange is professionally managed under the overall direction of the Board of Directors. The Board comprises eminent professionals, representatives of Trading Members and the Managing Director of the Exchange The Exchange has a nation-wide reach with a presence in 417 cities and towns of India
History
?
?
?
?
All started in the 1850's An informal group of 22 stockbrokers began trading under a banyan tree opposite the Town Hall of Bombay from the mid-1850s, each investing a (then) princely amount of Rupee 1. This banyan tree still stands in the Horniman Circle Park, Mumbai. The informal group of stockbrokers organized themselves as The Native Share and Stockbrokers Association which, in 1875, was formally organized as the Bombay Stock Exchange (BSE).
History
India’s century old trading system was known as “Badla” ? Minimally regulated and risky system allows investors to trade stocks with little cash ? Settlement can be 5 days later or further delay can be made by paying a fee ? System was prone to abuse
?
History
Heavy gamblers can lose money for days without the market knowing much ? That's what happened in March on the Calcutta Stock Exchange. Market guru Ketan Parekh and his followers failed to cover their badla-financed positions, and the Indian market went into a tailspin from which it has yet to recover.
?
History
?
“Historically an open-cry floor trading exchange, the Bombay Stock Exchange switched to an electronic trading system in 1995. It took the exchange only fifty days to make this transition”
Problems Faced By BSE
Outdated Trading and settlement procedures ? Poor Investor Protection ? Recalcitrant attitude of the brokers and the administration at BSE
?
Scenes Behind the IT Implementation
Critical Reforms from SEBI ? Government determination to reform stock markets ? Rise of NSE - Altered the Stock Market Landscape - State of the art trading services - Challenged the dominant position of BSE started to lose their market share BSE
?
BOLT - Bombay Online Trading System What is online trading?
Online trading is the investment activity that takes place over the internet without the physical inclusion of the broker. ? An end user needs to register with an online trading portal like ICICIDirect.com, MotilalOswal.com etc ? Real time order processing ? Instant update on the trading and status of orders
?
Advantages
Reliable and convenient ? Latest Updates on the market ? All transactions and related documents can be seen online
?
Disadvantages
Disconnection of internet ? PC problem, electricity cut-off etc
?
BOLT - Facts:
?
? ? ?
?
?
?
Development started in 1993 BOLT went live on March 14, 1995 Electronic share launched Demat Account introduced 1st launched in Kolaba, gradually expanded in Ghatkopar, Mulund and Thane In 2000 with huge expansion it was expanded across 400 cities in India Both online and traditional trading were run for 1 year.
BOLT – Technology Involved
?
?
? ?
?
It is a two tier architecture More than 8000 traders workstations, networked on Ethernet, VSAT and MLDN are connected to the back end server, Tandem, that acts as a communication server and central trading engine. Transaction monitoring facility – Data integrity through non stop SQL The user interface or front end is developed in VB The hardware is supplied by HP.
BOLT – Architecture
Info on BOLT
BOLT is kept open from 8 AM to 10 PM ? The server is never shut down. ? BOLT has been upgraded thrice.
?
Advantages of BOLT
?
? ? ? ?
The total business transaction shot to 5000 Cr from pre online era 500 Cr. There were 17000 participation Increases trading capacity of the stock exchange Improve market transparency, eliminate unmatched trades and delayed reporting Smooth market operations using the latest technology
Continued…
?
? ? ? ?
Promote fairness and speedy matching Provide for on-line and off-line monitoring, control and surveillance of the market Provides trade data using electronic media to the broker using an interface with the broker's back-office system Provide a sophisticated, easy to use, graphical user interface (GUI) to all the users of the system Provide analytical data for use of the Stock Exchange
Disaster Management System
Disaster recovery site ? The real time transaction is replicated point to point basis. So data can be recovered. ? Only at the peak hour there is a lag of 4-5 minutes. ? DR Site is located outside Mumbai for safety.
?
BSE Webx
BSEWebx is a hosted service offered by Bombay Stock Exchange Ltd. for the benefit of brokers and their investors. ? It is a content and feature rich application with an intuitive graphical user interface ? Built on highly scalable Internet infrastructure. ( www.bsewebx.co.in )
?
BSE Webx
Products offered by BSE Webx
BSEWebx Eazy ? Investors can view Online quotes, market depth, indices, and company related announcements on scrips.
? ?
The Investors can place orders, track the status of orders placed and confirmations on trade execution and view their Net/Margin positions.
BSE Webx
? ? ?
BSEWebx Classic Investors can create his own portfolio of scrips
Investors can view portfolio of scrips in the market watch online. The Investors can place orders, track the status of orders placed and receive confirmations on trade execution and view their Net/Margin positions.
?
BSE Webx
BSEWebx Premium ? Investors can create multiple portfolios of scrips for market watch
?
?
The Investors can place orders, track the status of orders placed and receive confirmations on trade execution and view their Net/Margin positions.
How is BSE Webx better than other Internet Trading Portals
?
Hardware infrastructure is very robust hence large number of clients can be handled as compared to other portals.
Live Streaming quotes which enables automatic refresh. Being Webx server and Exchange server physically located in the same data center clients get the better speed as compared to other portals. Disaster Recovery site available in case of emergency as backup.
? ?
?
?
Minimal Charges for clients and brokers
Entire Network Diagram
BOSS – online surveillance system – Developed by Wipro
?
? ?
Real time detection of misuse or violation Based on Oracle’s new in memory database TimesTen The surveillance will cover positions in both the derivatives and the cash market.
Main Objectives of Surveillance
Monitoring Price ? Detecting Potential “Market Abuses” ? Managing risk by taking timely actions
?
ERP Implementation – By Patni
?
? ? ? ?
?
Oracle ERP Solutions Includes multiple modules of Oracle financial suite and core HRMS Phased approach – financial accounting was incorporated, HRMS followed soon Went live in April, 2006 Total transaction chain apart from purchase has been automated; time came down from 2 months to 15 days. Leave application, CV uploading have been automated; not yet salary automation
IT Project Management Essentials
?
Change Management - Display of Critical Information - Uploading of trades by brokers into the Central System - Online Trading
IT Project Management
Clear Business Objectives ? Categorizing Projects ? Choosing a Platform ? Risk Management
?
doc_327194356.ppt