It is a service that takes advantage of the Electronic data exchange that is provided by Stock Exchange to the investment company.
Using this service the investment company can submit and retrieve orders to and from STOCK EXCHANGE in a fast, electronic and secure way.
Users inside this document can be ‘Traders’ or ‘Clients’ of the investment company.

The entities involved are as follows:

• The Investment company
• STOCK EXCHANGE
• Web Client interface
• Integration module between STOCK EXCHANGE and investment company

Order Flow

• Order is instantiated from the client web browser.
• Order is stored in the investment company database.
• Order is formatted and redirected to STOCK EXCHANGE with the proper format.
• Order is approved by broker and redirected to STOCK EXCHANGE.
• Order is given an order number.
• Order is executed and a message is returned.
• Order is updated in the company database and refreshed for the client.

System Advantages

• Users can do all types of operations (place new order, update quantity, update price, cancel order) from web browser, without any human intervention.
• Orders are validated by system (validations on pricing and amounts depend on rules set by company).
• Orders can be placed based on market price or client decides on price based on STOCK EXCHANGE specification.
• Users can choose to use IOC (immediate-or-cancel) or FOK (fill-or-kill) when placing an order. IOC means “full fill immediately or cancel my order” and “FOK means “fill whatever is available immediately and rest cancel”. Options are provided by STOCK EXCHANGE.
• Fast response and information update.
• Users see different statuses of orders at any time.
• Service functions according to STOCK EXCHANGE specifications and validations.
• Wider access to clients.
• Can be integrated with handheld devices or IVR systems.

Integration with an existing portfolio system at the company

• Daily upload of portfolio position at the start of day.
• Export of executed transactions at the end of the day.
• Easy management of clients’ orders directly posted at end of day to portfolio without the use data entry through import from the existing portfolio application.
• Validation of current client position when placing orders real time.
• Possibility of placing orders for multiple clients using same Investor Number.