|
DTSS
can handle all kinds of derivative products
like exchange trades index futures, index
options and stock options. It provides
a real-time interface to Standard Portfolio
Analysis (SPAN), a risk management system
developed by the Chicago Mercantile Exchange
(CME). DTSS is also tuned to handle commodity
options.
The
growth and development of the financial
system in any country is characterised
by the increasing depth and width of its
financial markets. Depth implies greater
liquidity in the markets and width connotes
the range of financial products available
to the investor. Wider markets offer more
types of instruments, each with varying
behaviours and risk patterns. This allows
investors to pick and choose different
types of instruments according to their
investment profile and appetite for risk.
Technical
architecture, hardware and software platforms
|
Hardware installed
–
server
|
HP-Unix servers,
N-class machine (9000/800 series)
|
|
Operating system
–
server
|
Unix
|
|
RDBMS used –
server
|
Sybase (with replication)
|
|
Hardware
–
client
|
Pentium
III / IV machines
|
|
Operating
system –
client
|
Windows
NT
|
|
RDBMS
used –
client
|
Sybase
|
|
Application
software
|
DTSS
|
|
Network
topology
|
Ethernet
or data-over-voice links on leased
phone lines for VSAT
|
|
Programming
language
|
Visual
C++ version 5.0
|
Strengths
|
|
Provides
for alternative hedging and risk management
mechanisms to the investors |
|
|
Integrated
state-of-the-art trading, clearing,
settlement and risk management facilities
for the derivatives exchange |
|
|
Platform
to build on and expand the scope of
derivatives instruments in various
asset classes |
|
|
To
provide integrated trading, settlement
and risk management features for the
following instruments: |
|
|
|
Stock
index futures |
|
|
|
Stock
index options |
|
|
|
Individual
stock options |
|
|
|
Individual
stock futures |
|
|
|
Commodities
options |
|
|
|
Bonds
futures (government securities and
treasury bills) |
|
|
|
Bonds
futures options |
|
|
Provide
for easy inclusion of more instruments
in different asset classes |
|
|
Adheres
to international standards and concepts:
|
|
|
|
Contract
value factor (multiplier) |
|
|
|
Multi-currency
trading |
|
|
|
Exchange-definable
decimal locator |
|
|
|
CME-SPAN-based
risk management |
|
|
Promotes
transparency, fairness and fast matching |
|
|
Provides
for online and offline monitoring,
control and surveillance of the market |
|
|
Provides
for setting various limits, rules
and controls, centrally |
|
|
Provides
brokers with trade data on electronic
media, to interface with the broker's
back-office system |
|
|
Provides
a sophisticated, easy-to-use, graphical
user interface (GUI) to all users |
|
|
Provides
analytical data for use of the derivatives
exchange |
Indicative
client list
Case
study
BSE,
Mumbai
Contact
Head - BFS
CMC House
C-18, Bandra-Kurla Complex
Bandra (East)
Mumbai - 400 051
Tel: 022-26591000-2
Fax: 022-26591046
Email : bfs@cmcltd.com
|
