Exchange Simulator is a complete suite of trading system comprising of trader’s front end and matching engine which matches the orders placed from trading terminals against the orders in the broadcast received from external source. This external source can be a Cash segment exchange or an FAO exchange or a Currency Derivatives exchange. External source can also be a feed recorder player which also forms a part of the simulator package.
Simulator package can be used to setup a complete end to end trading environment which provides a platform for training Trading Fundamentals to aspirant traders, students pursuing Education in the field of Finance or Capital Markets. It can also be used to setup a Gaming Environment.
Matching Engine can be independently used by any Front Office System for their System Testing which makes it independent of Exchange Development Environment.
Modules |
Broadcast Recorder/player |
- Records the Exchange feed received in the form of dat files
- Recorded feed can be replayed in the same speed as that received from Exchange or double or triple speed as well
- From the recorded file, broadcast can be played for selected securities
- Broadcast can be played at a configurable data rate
- Broadcast can be sent as per the values entered in the csv file created by user. The feature of getting the required data in the Broadcast through user created .csv file can be used for scenario-specific strategy testing.
- Broadcast recorder-player can also be independely used by any Front Office Solution for their System Testing.
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| Administration |
| The administrator of the Broker can easily create all the entities in the system. He can also create various roles with different sets of rights to perform different operations with restricted access. BOD/EOD activities can be performed at a click of a button. |
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Risk Management |
Real time Risk Management module safeguards the Broker from the risk of running short of margins of the clients against their obligations. System provides various themes of Risk computation (for example Gross Exposure/VAR), various protective tools like buy/sell/turnover/position limit etc and reactive measures like MTM based lock/auto square off |
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TWS |
TWS (Trader work station) is specially designed for the dealers of the broker for performing trading activities viz. buy/sell/auction/spread/2L/3L order entry screens and viewing market information through touchline and depth. Dealers don’t have all the rights that administrator has but has few additional features like online order/trade books and net positions screen. |
Surveillance |
This module provides real time information display to Broker regarding all the trading activities and all the trading parameters like limits consumptions, positions, turnover etc. Security-wise trades and consumption of limits can also be viewed across the Brokerage house at a single glance. It also facilitates Brokers with alerts based on the broadcast data. |
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Features |
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Client Dealer mapping across units/branches
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Intra-day graphs for security, Index and co-graphs
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CM Product types – Margin (intra day) and Delivery (cash and carry)
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Time based auto square off in CM Intra day positions
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Password policy as per SEBI guidelines
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Complete Audit trail of all Admin/Server activities, orders and trades
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Interface with other media: Mails of orders/trade and SMS of order/trades/EOD positions
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Notification facility for Administrators to communicate with groups of users
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Utilities like Market watch alerts, Margin calculator, Index Calculator, Option Greeks, Advanced portfolio
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Corporate action adjustments for open positions in FAO
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EOD in FAO – Two options – marking to market of existing positions OR Uploading PS03 positions
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Choice of allocation of margin to all Exchange segments together/individually or together for NSE segments/ CM segments/Commodity segments
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Enablement/disablement of RM validations at entity level (branch/user/unit/client)
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Broadcast packets provided by any third party vendor can be integrated with the simulator package
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Matching of the order can be done against LTP or against orders in the broadcast depth or only against best orders as per the requirement
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Complete simulator can be purchased as a complete unit or hosted simulators by NSE.IT can be accessed using the trading terminals
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