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Assignment On Practice of Management Information System In ACE Capital Management Service Limited (Brokerage House) Prepared for

Dr. Syed Faisal Hassan Associate Professor University of Dhaka Adjunct Faculty East West University

Equipped By
Md. Fakhrul Islam Md. Billal Hossain Md. Badrul Alam Chowdhury ID # 2011-3-95-104 ID # 2011-2-95-049 ID # 2011-2-95-119

Date of Submission: 25 February, 2012
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It uses fault tolerant computers. BLUECHIP come in front.TWS is the Front-end Application closer to investors. This provides co-operative processing. where they can submit Buy/Sell orders for their desired securities TESA (The Electronics Securities Architecture) is the Trading software (Based on HP proprietary O/S & DBMS). DSE is running its online trading using TESA application under Tandem HW. TESA Architecture: TESA software is built for the global securities markets. 2|Page . It has developed in view of Distributed Database system. All external devices connect through the API. only the API needs to be modified. The system software is HP Proprietary Non-Stop KERNEL and includes the database as part of the operating system thereby eliminating the layer typically found in most Database Management Systems (DBMS). The API provides the translation between external devices and internal processes. ADA SOFT. 2004 though DSE installed the automated trading system in the second half of 1998. The proprietary nature of the system software arguably enhances system security. supplied and supported by Cambridge Solutions Ltd. TESA's Application Programmatic Interface (API) is the gateway to the TESA system from the outside world. In the client site it is being using SQL as local Database. The application. is called TESA (The Electronic Securities Architecture). which is simply a different operational session for the operating system. MSA.Dhaka Stock Exchange (DSE) is using different software for its trading purpose. intelligent workstations and client / server design techniques. If we name some its name-TESA. India.MSA is the gateway between the traders and the Stock Exchange. The Database functionalities are handled by NONSTOP SQL. The software maintenance services began from November 1. MSA+.DSE is maintain an automated trading system at this moment. which manages all the transactions and database operations between the traders and the Trading Engine o TWS (Trader workstation). high message integrity. TESA has two parts: o MSA (Member's Server Application). which runs in DSE for trading. continuous operation and fully automatic recovery. This means that a new process does not need to be written to support each new device.

Solution Benefits: Fault Tolerance: One of the most important automation requirements for any stock exchange system is continuous system availability. 3|Page . Trade Reporting: Trade execution reports are provided to each trade participant. validate and store orders and quotes from broker workstations and / or systems. The HP Non-Stop Server is massively scalable due to Parallel processors. Index Calculation: Calculates and publishes market indices (DSE General Index & Weighted Average Index. Order Execution: Automatically executes orders when buy and sell prices match. Fault Tolerance is a fundamental design feature of the HP Non-Stop architecture. Scalability: The ability of an exchange to accommodate extraordinary increases in transaction volumes without loss of its Capital investment in automation is very important. TESA employs standard HP tools to achieve exceptional data integrity. Data Integrity: Data integrity is an integral feature of HP architecture. Order Management: Accept.) Market Access: Provide exchange members with efficient affordable GUI-based tools for accessing the market. With most systems Fault Tolerance is created at the application level. to the settlement system and / or the depository and to the market. Principal Functions of TESA: Market Information: Supplying all market information needed to formulate the buy and sell decisions.

Trading Sessions: TESA conducts trading in-5-phases. No order will be submitted in this session. due to lack of such ready reference on the screens of the trader workstation. Enquiry: In this session Brokers can logon to the system. the investors are being deprived of taking instant decision on the stock market transactions. so that investors remain update on the latest market trend o According to market insiders. All buy and all sell orders are compared and calculate the open-adjust price. Automatic matching and execution takes place based on best price/ first in. No trade will be executed. Only previous orders can be withdrew in this session Opening: The Opening is a pure. Other Characteristics of TESA: o Traditional trading system worldwide o Investors and users have demanded customization of the automated trading system of Dhaka Stock Exchange (DSE) to reap the full benefits o The TESA trader application should include key market indicators like price earning (PE). participants enter orders and immediate execution or for inclusion in the book. net asset value (NAV) and earning per share (EPS) in its screen. No trades will be executed in this session Continuous Trading: During this phase. 4|Page . single-price auction. first out trading rules Closing: Closing prices are calculated and disseminated to market participants Enquiry: Market will be closed in this session & other facilities like the previous enquiry session.

dividend received etc and also provide information to the clients like ledger. portfolio. which manages all the transactions and database operations between the traders and the Trading Engine. MSA Plus: MSA (Member's Server Application) . But some Merchant Banks are more prone to use X-broker.Adasoft: Adasoft is used to maintain the information based on regular trading. buy and sell information. shares quantity.MSA is the gateway between the traders and the Stock Exchange. and related taxes 5|Page . DSE is about to introduce new updated version of MSA is called MSA PLUS. Adasoft is used by most of the brokerage house. confirmation of trading and so on. With the introduction of this software investors are about to get facilities of online trading. wages. Bluchip instead of Adasoft software because this software is more customized than Adasoft. So it will open the door of foreign investors who are keen to invest in the capital market of Bangladesh. The Features AdaSoft Software provides: o Accounts receivable—where the company enters money received o Accounts payable—where the company enters its bills and pays money it owes o General ledger—the company's "books" o Billing—where the company produces invoices to clients/customers o Stock/Inventory—where the company keeps control of its inventory o Purchase Order—where the company orders inventory o Sales Order—where the company records customer orders for the supply of inventory o Cash Book—where the company records collection and payment o Debt Collection—where the company tracks attempts to collect overdue bills (sometimes part of accounts receivable) o Expense—where employee business-related expenses are entered o Inquiries—where the company looks up information on screen without any edits or additions o Payroll—where the company tracks salary.

6. client can sell or buy their required share through online. See the latest buy and sale offers. 7. 3. 4.o Reports—where the company prints out data o Timesheet—where professionals (such as attorneys and consultants) record time worked so that it can be billed to clients o Purchase Requisition—where requests for purchase orders are made. They also can see the latest top 10 buy and sale offer. They can also modify or withdraw their current placed order. Check the daily transaction report online. Check the portfolio report online. Using this. 2. Place order for buying / selling share from home. Then it synchronized the offers and clients share with back office to online. How it works: Trade house has to setup this software in their own online server.MSA is the gateway between the traders and the Stock Exchange. Check the Confirmation report online. See the current status of placed order. DSE is about to introduce new updated version of MSA is called MSA PLUS. 6|Page . which manages all the transactions and database operations between the traders and the Trading Engine. For the reason user can always see their current portfolio online and can trade their share anytime they want. Advantages: 1. approved and tracked MSA PLUS: MSA PLUS is a online share trading system. So it will open the door of foreign investors who are keen to invest in the capital market of Bangladesh. Check the full market at a glance. MSA (Member's Server Application) . With the introduction of this software investors are about to get facilities of online trading. 5.

com 7|Page . Bangladesh.Senior Faculty. Department of Business Administration. Nayel Jamilur Rahman (Ex. Mtijheel C/A. East West University) Managing Director ACE Capital Management Service Limited Room No-611. Phone # 9568469. Dhaka Stock Exchange Building 9/F. 9569835 Cell Phone # +8801715527809 E-mail: nayelrahman@gmail. Dhaka-1000.Reference: Mr.