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Ultra
Trade
is highly parallel
and distributed
system by its
design. Server
components can
be distributed
on multiple
machines and
each component
can take the
full advantage
of multiprocessor
machines. Communication
among all components
is carried out
using the high
speed TCP communications
that is world
wide proven
for real time
stock trading.
Main
components of
the Ultra Trade
are as follows:
Trading Engine
receives orders
from the trading
terminals and
processes them
accordingly
such as executing,
changing, deleting
and queuing.
Inquiry Server
responds to
different inquiries
and reports
from the trading
terminal.
Market Server
holds best market
and best price
levels for all
symbols and
responds to
trading terminals
on request.
Statistics Server
computes and
holds different
statistics for
symbol and exchange
and provides
the trading
terminal on
request as well
as on real-time
basis.
Login Server
performs user
authentication
and initialize
the trading
terminal. Dumper
dumps the orders
and trades into
the database
in real time
for settlement
and dissemination
system.
Trading
Workstation
showing Market
Watch, Best
Orders, Best Price Levels,
Message Window
and different
reports |
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The
broker can enter
Buy/Sell orders, cancel or
change an existing order,
cancel all outstanding orders
globally in a particular symbol
& also in all markets, and
place a request to cancel
a trade with Market Control.
A comprehensive set of real
time screens are provided
to monitor the symbol and
exchange statistics. Market
Watch is an interface to monitor
the market activity for selected
symbols. Order Book shows
the real time status of your
orders in real time.
Orders can be touched and
canceled visually through
this interface. Message Window
shows the order and trade
confirmations, cancellations,
bulletins and messages from
other traders.
Water Fall
Ticker let the trader watch
the market activity in real
time along with symbol statistics.
Following set of reports is
available to view and print.
Remaining Orders displays
all remaining orders of the
trader those are not executed
yet.
Daily Trade Log by User shows
all trades executed by a trader.
Daily Trade Log by Symbol
lets the trader to view all
trades in a particular symbol.
Event Log is a journal of
all trading activities of
a particular trader. Net Position
gives the summary of trades
in each symbol to the trader.
Symbol Summary displays exchange
wide statistics for a particular
symbol. |
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Traders
can enter buy or sell orders,
cancel or change an existing
order, cancel all outstanding
orders globally in a particular
symbol & also in all markets
(Regular, Carry Over, Odd
Lot, Buy In and Sell Out).
The details
available on an order include
market type, symbol, quantity,
price, disclosed volume, trader
Id, limit order, market order,
client account, expiry date,
order nature and trigger price.
Contingent Order features
include stop loss & market
if touched.
Trading Workstation
showing Market Watch and Water
Fall Ticker
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Legacy
trading application is provided
to the end user over the Internet
first time in South Asia region.
Full-blown application with
all trading tools is extended
up to the investor through
a technology that is optimized
for real time applications
over the Internet considering
the low bandwidth issues. |
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There
are three levels of login
authentication in the Ultra
Trade. First password, second
IP Address and third is MAC
Address authentication. Moreover
multiple logins are restricted
for additional security. All
critical messages are encrypted
using digital certificates
and Public Key Infrastructure. |
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Ultra
Trade has unique
feature of surveillance and
risk management built within
the trading system. This system
computes both pre and post
trade exposures and losses
for each trader. An interface
for monitoring real time exposure
and loss is provided to the
surveillance staff. |
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System
can be configured to generate
alerts and freezes for individual
symbols in a particular market
at price levels. Symbols can
also be temporarily exempted
from freeze tests in the event
that exceptional trading activity
is anticipated. |
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Information
in the message transaction
journal can be used to reconstruct
the market to an exact point
in time. The control officer
can accelerate through the
transaction journal to a point
in time, then step through
each transaction and examine
its effect on the market.
All market and order status
inquiries are available in
the "replay" environment.
The market reconstruction
facility can be used for dispute
resolution and investigation
of irregular market activity. |
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Following
features are
provided to
the designated
staff of the
exchange through
Ultra Trade:
Trading
Workstation showing Market Control Features
- A trade can be "frozen" if it falls outside of price change - no
further orders will be accepted for that instrument until the trade
freeze is resolved.
- Symbol states can be changed on the fly.
- Global cancellation of all orders for a symbol or all symbols placed
by a trader.
- Message Broadcasts for immediate attention.
- Trade cancellation and late trade entry.
- Market summary inquiry to highlight trading activity.
- Scheduling/change of market states.
- Real-time exposure/loss of all members can be viewed or monitored.
- An alert can be generated to individual member firm before exposure/loss
limits hit.
- Suspension and/or restoration or view only state of a terminal.
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This
comprehensive back office
system is integrated with
the trading system. Using
this system, clients may be
monitored in real-time based
on buying power of a client
account. It provides account
and terminal management features
including commission management
and general ledger. |
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