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Dhaka Stock Exchange (DSE) is using different software for its trading purpose.

If we name some its nameTESA, MSA, MSA+, ADA SOFT, BLUECHIP come in front.DSE is maintain a automated trading system at this moment. The software maintenance services began from November 1, 2004 though DSE installed the automated trading system in the second half of 1998. The system software is HP Proprietary NonStop KERNEL and includes the database as part of the operating system thereby eliminating the layer typically found in most Database Management Systems (DBMS). The Database functionalities are handled by NONSTOP SQL, which is simply a different operational session for the operating system. The proprietary nature of the system software arguably enhances system security. DSE is running its online trading using TESA application under Tandem HW, supplied and supported by Cambridge Solutions Ltd, India. The application, which runs in DSE for trading, is called TESA (The Electronic Securities Architecture). TESA has two parts:  MSA (Member's Server Application)- MSA is the gateway between the traders and the Stock Exchange, which manages all the transactions and database operations between the traders and the Trading Engine TWS (Trader workstation)- TWS is the Front-end Application closer to investors, 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). It has developed in view of Distributed Database system. In the client site it is being using SQL as local Database.

TESA ARCHITECTURE: TESA software is built for the global securities markets. It uses fault tolerant computers, intelligent workstations and client / server design techniques. This provides co-operative processing, high message integrity, continuous operation and fully automatic recovery. TESA's Application Programmatic Interface (API) is the gateway to the TESA system from the outside world. All external devices connect through the API. The API provides the translation between external devices and internal processes. This means that a new process does not need to be written to support each new device, only the API needs to be modified.

SOLUTION BENEFITS: Fault Tolerance: One of the most important automation requirements for any stock exchange system is continuous system availability. With most systems Fault Tolerance is created at the application level. Fault Tolerance is a fundamental design feature of the HP NonStop architecture. Data Integrity: Data integrity is an integral feature of HP architecture. TESA employs standard HP tools to achieve exceptional data integrity.

Order Execution: Automatically executes orders when buy and sell prices match. All buy and all sell orders are compared and calculate the open-adjust price. No trades will be executed in this session Continuous Trading: During this phase. No trade will be executed.Scalability: The ability of an exchange to accommodate extraordinary increases in transaction volumes without loss of its Capital investment in automation is very important. PRINCIPAL FUNCTIONS OF TESA: Market Information: Supplying all market information needed to formulate the buy and sell decisions. Automatic matching and execution takes place based on best price/ first in. Enquiry: In this session Brokers can logon to the system. No order will be submitted in this session. Only previous orders can be withdrew in this session Opening: The Opening is a pure. participants enter orders and immediate execution or for inclusion in the book. 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. The HP NonStop Server is massively scalable due to Parallel processors. validate and store orders and quotes from broker workstations and / or systems.) Market Access: Provide exchange members with efficient affordable GUI-based tools for accessing the market. Trade Reporting: Trade execution reports are provided to each trade participant. Index Calculation: Calculates and publishes market indices (DSE General Index & Weighted Average Index. Order Management: Accept. . to the settlement system and / or the depository and to the market. TRADING SESSIONS: TESA conducts trading in-5-phases.

portfolio. so that investors remain update on the latest market trend According to market insiders. The Features Ada Soft Software provide:                Accounts receivable—where the company enters money received Accounts payable—where the company enters its bills and pays money it owes General ledger—the company's "books" Billing—where the company produces invoices to clients/customers Stock/Inventory—where the company keeps control of its inventory Purchase Order—where the company orders inventory Sales Order—where the company records customer orders for the supply of inventory Cash Book—where the company records collection and payment Debt Collection—where the company tracks attempts to collect overdue bills (sometimes part of accounts receivable) Expense—where employee business-related expenses are entered Inquiries—where the company looks up information on screen without any edits or additions Payroll—where the company tracks salary. shares quantity. confirmation of trading and so on. But some Merchant Banks are more prone to use X-broker. Bluchip instead of Adasoft software because this software is more customized than Adasoft. and related taxes Reports—where the company prints out data Timesheet—where professionals (such as attorneys and consultants) record time worked so that it can be billed to clients Purchase Requisition—where requests for purchase orders are made. ADASOFT: Adasoft is used to maintain the information based on regular trading. due to lack of such ready reference on the screens of the trader workstation. buy and sell lnformation. net asset value (NAV) and earning per share (EPS) in its screen. dividend received etc and also provide information to the clients like ledger. the investors are being deprived of taking instant decision on the stock market transactions. approved and tracked . wages.Other Characteristics of TESA:     Traditional trading sytem worldwide Investors and users have demanded customization of the automated trading system of Dhaka Stock Exchange (DSE) to reap the full benefits The TESA trader application should include key market indicators like price earning (PE). Adasoft is used by most of the brokerage house.

Using this. MSA (Member's Server Application) . 2. So it will open the door of foreign investors who are keen to invest in the capital market of Bangladesh. DSE is about to introduce new updated version of MSA is called MSA PLUS. 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. See the latest buy and sale offers. They also can see the latest top 10 buy and sale offer. 3. Place order for buying / selling share from home. Check the portfolio report online. Check the daily transaction report online. They can also modify or withdraw their current placed order. Advantages: 1. . 6. which manages all the transactions and database operations between the traders and the Trading Engine.MSA is the gateway between the traders and the Stock Exchange.MSA PLUS: MSA PLUS is a online share trading system. Check the full market at a glance. 4. See the current status of placed order. 7. With the introduction of this software investors are about to get facilities of online trading. For the reason user can always see their current portfolio online and can trade their share anytime they want. 5. Check the Confirmation report online. client can sell or buy their required share through online.