Implementation of

Information Technology
in
Bombay Stock Exchange

Presented By:
 Anupam Kaushik (16)
 Deep Shikha (08)
 Jaimin Patwa (19)
 Jharna Tinani (26)
 Pankaj Jain (13)
 Puneet Vyas (27)
 Siddharth Iyer (10)
BSE circa 1875…
Matka System
 History of BSE
 Legalised the gambling.
 Formed a committee in the finance ministry.
 Formed a Trust called BSE.
 1979 introduced SENSEX.
 1990 – 500 people, 500 Cr. Business
Turnover, 700 Companies.
 Disadvantages
 No transparency.
 Cheating.
 Settlement after 21 days.
 No Redressal of Grievances.
 Trading only by limited members.
 Computersiation In BSE
 1992- 93 went in for computerization.
 1994 parallel BOLT.
 27th April 1995 officially started BOLT.
 Till 1997 only Mumbai connectivity.
 By 2000 All India connectivity
 Current Scenario. .
 Daily business Rs 5000 cr.
 7500 scrips, 3500 active scrips.
 50 lakhs orders, 20 lakhs transactions.
 Connectivity in 400 cities.
 17000 people connect daily.
 900+ broking firms.
 Architecture
TANDEM

Tandem
Server
S88032 X
SWITCH 2
(TWS Server)

Via
VSAT
Satellite Firewall
Leased Leased
Lines Lines

LAN WAN

BOLT (TWS Client Terminals)

 Tandem Servers

 A Platform of 2 servers running on 32 CPUs each, connected by a Bus

 Specifically designed to cater to OLTP (On Line Transaction Processing)
requirements
 Fault Tolerant System (Redundancy)
 Linear Scalability
 TMF (Transaction Monitoring Facility) ensures Data Integrity through
Non Stop SQL
 Efficient Trade executions

Back
 Tandem Nonstop I

Checkpointing data between non-stop process pairs

 Tandem Nonstop I

Processors regularly transmit “I am alive” message

 Tandem Nonstop I

Processor failure causes back-up process to take over

 Tandem Nonstop I

Process-pair re-established following repair of failed

processor
 BOLT
(BSE On Line Trading System)

 Open Outcry System to Screen-based trading System(SBT)

 Into full service from 27-Apr-1995
 Two-Tier – Client Server Architecture
 Backend consists of Tandem Non - Stop Himalaya System
 The Front-end consists of more than 17,000 Trader Work Stations (TWS)
 Networking: Multiple / Alternate modes of connectivity
 System Upgradation.

Next
 Tandem Servers

 A Platform of 2 servers running on 32 CPUs each, connected by a Bus

 Specifically designed to cater to OLTP (On Line Transaction Processing)
requirements
 Fault Tolerant System (Redundancy)
 Linear Scalability
 TMF (Transaction Monitoring Facility) ensures Data Integrity through
Non Stop SQL
 Efficient Trade executions

Back
 TWS

 Communication server and Central Trading Engine (CTE)

 Software based on Windows SDK
 Tracks latest information and quick Query resolution
 Services
– Information Dissemination
– Index Computation
– Position Monitoring

Back
 Network Connectivity

TWS Server
Back
 DOT
(Dept of Operation & Trading)

 The IT Dept of BSE

 95 Technical Personnel
 Projects are executed according to SDLC
Master Download
Trader Work Station
BOLT Screen
BOLT Data Entry Window
 Options on Bolt Main Menu
Data
Entry Index
Window Snapshot

Order
Terminal Corporate Client-Wise
Confirm-
Logon ation Announ Position
cements

Bolt
Screen Pending
Order
 Time
9.55 am – 10.30 am
10.30 am – 11.00 am
11.00 am – 11.30 am
11.30 am – 12.00 pm
12.00 pm – 12.30 pm
T T+1 T+2
Custodian passes information
to Clearing House
Pay In
Temporary File
Transferred to the
custodian

12.30 pm – 1.00 pm Transaction

1.00 pm – 1.30 pm takes place
1.30 pm – 2.00 pm Pay Out

2.00 pm – 2.30 pm Permanent Obligation

created
2.30 pm – 3.00 pm

3.00 pm – 3.30 pm

3.30 pm – 4.00 pm

4.00 pm – 4.30 pm

4.30 pm – 5.00 pm

After 5.00 pm Temporary File

Created
 Future Outlook
Develop Derivatives.
Increase Cash Market to 50%
 Problems
Loadhandling
Retain technical people.
Thank You
Questions