Order Validation, Routing and Notification All orders are validated against exchange rules, margins and other limits. These are formatted and routed to the exchange or MF Registrars. The responses from the exchanges are processed and notifications forwarded to investors. In the process, the system maintains a complete record of all activities in the order book to support Investor/Dealer/ Supervisor queries.
Market Information Dissemination The system receives market-feeds from all the markets and disseminates the same with near-zero latency. The market information is also disseminated to other components that track investor and broker risk.
The component already demonstrates that it can integrate multiple markets. However, it is also built to support multiple currencies and multiple languages and hence is built to integrate major global markets such as NSCC, NYSE, Euronext and NASDAQ. |
