XSTrade® is a comprehensive trading solution supporting Capital Markets, Derivatives and Commodity segments. XSTrade® has a built in surveillance and all other exchange administration features. The system can run on fault tolerant hardware providing non-stop online trading facility. The solution supports in-memory order matching and can scale to support upto 500000 orders per day.
XSTrade® consists of a Central Trading System (Matching Engine and Exchange Management System) that hosts the main exchange functionality, and several client systems (Front Ends) that provide GUI interfaces to its users and interacts with the host system.
The Central Trading System houses numerous subsystems that provide the on-line trading functionality. It comprises of the risk management middleware and application modules capable of running on Windows 2000 based, Stratus Fault-Tolerant FTServers, and providing the complete exchange automation functionality. The system provides configurable load balancing and automated application re-start facility. Continuous availability, high throughput, operability, maintainability, short response times and serialized fair processing requirements are the driving considerations in designing XSTrade®.
The business modules offered are :
| Order Management | |
| Market Session Management | |
| Market Administration and Control | |
| Market Information Dissemination | |
| Trader Work Station (TWS) | |
| Risk management | |
| Surveillance |
The Trader Work Station provides :
| Order entry, modification & cancellation | |
| Trades and positions display | |
| Display of market information (touchline, market depth, top securities etc.) | |
| Compliance messages | |
| Query based data display | |
| Charting |
The Administration console provides :
| Market scheduling and management | |
| instrument setup and maintenance (addition, removal, suspension, revoke etc.) | |
| User definition and maintenance (brokers, traders, view only terminals etc.) | |
| Provides On-Line backup facility and generation of settlement prices | |
| Maintains audit trail | |
| Security and access control |
The Surveillance & Risk Management console provides :
| Configuring limits for brokers, traders etc. | |
| Monitor positions, exposure and various other parameters | |
| Alerts setup and display | |
| MIS reports | |
| Maintains audit trail | |
| Security and access control |