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FINANCIAL SECURITIES AND INFORMATION SYSTEM
By: Dhruv Kashyap
Financial securities
An instrument that, for a stock, shows ownership in a company
for a bond, indicates a creditor relationship with a firm or with a federal, state, or local government; or signifies other rights to ownership
Collateral used to guarantee repayment of a debt.
Types of securities : Shares Mutual funds Foreign currency (forex trading )
History of transaction
Share Certificate is a written document signed on behalf of a corporation, and serves as legal proof of ownership of the number of shares indicated
CURRENT SITUATION (ISSUES)
Stock Exchange
Stock exchange is place where trading of all financial securities took place
Technology at NSE
NEAT is a state-of-the-art client server based application
All trading information is stored in an in-memory database to achieve minimum response time and maximum system availability for users
(TAP) Trading Access Point – it facilitates IT Infrastructure consolidation and routes the orders and trades between Client and Server in an optimized protocol
NSE today can handle up to 15 million trades per day in Capital Market segment
Technology at BSE
BOLT BSE On-line Trading (BOLT) This totally automated, screen-based trading software in
securities was put into practice nation-wide within a record time of just 50 days
BOLT has been certified by DNV for conforming to ISO 27001:2005 security standards
The capacity of the BOLT platform stands presently enhanced to 8 million orders per day
BSEWebx.co.in BSE has also introduced the world's first centralized
exchange based Internet trading system, BSEWEBx.co.in. The initiative enables investors anywhere in the world to trade on the BSE platform
Brokerage solution
ODIN™ Program Trading is a special trading application that facilitates auto-execution of the trades based on the selected strategies
Option to select touchline or weighted average price for calculation of Spread available
Option to specify the Tick size by which the order should be modified
Electronic-mutual fund
e-Mutual Fund is a browser based software application intended for use by Distributors of Mutual Funds
The software facilitates integration with the trading front end as well as with Mutual Fund BackOffice system
Currency exchange solution
FX-Direct™ is a state-of-the art online matching and dealing platform for inter-bank foreign exchange trading that facilitates real-time, anonymous deal matching currently for Spot USD/INR trades between banks in the country
Increased transparency Default Spot Configuration Market Snap Shot Performance
IMPACTS OF CHANGE DUE TO INFORMATION TECHNOLOGY
customer, industry, government
Enables automatic calculation and execution of complex arbitrage spread strategies without the need for any form of human intervention
Application performs complex calculations based on the predefined parameters on a continual and real-time basis
Eliminates any opportunity loss that arises if the same actions are to be performed manually
Enables Members to execute strategies for Proprietary Trades or on behalf of their clients
Enables Members to run multiple strategies in a single application Management Information Systems (MIS) in Finance have been
widely adopted both by corporations as well as governments They are information systems with capacity to maintain large data
bases enabling organizations to store, organize and access financial information easily
These systems are credited with increasing financial transparency, efficiency and accountability
Compliance with Government regulations as well as auditing requirements is also easier because the records are accurate and provide a permanent historical map of transactions that can be verified.
Avoidance of insider trading as well