I am a broker of ISE. Can i give my clients their portfolio information on the internet?
Ans: Yes sir you can give your clients this facility to your clients but it has following prerequisites:
Your back office system must support internet connectivity.
you must have a website hosted over internet.
Get a server based program developed which picks up you client information from your back office and display that
on respected pages on your website.
Sir you are cautioned that your back office data is very critical and a business secret.
Appropriate security
measure are to be ensured before subjecting your back office systems to internet.
 Order Routing:
When we talk about internet trading two major issues are faced:
1. Getting real time stock quotes and getting the best available price in the current market
2. Security and integrity of your trade and financial portfolio.
Both the issues are inter related ,,,, and both are to be addressed by the order routing technology.
if the capacity of the pipe is more and number of intermediate hops and checks are less for your order to reach the trading engine of the stock exchange you will get the best and the most current price. This is just like �come first get first�. Whose order will reach first will be executed first.
When your order leaves your computer for its destination (trading engine) it is likely to be attacked by hackers and prone to many other hazards related to internet. And when it comes to the financial transaction nothing else can be grade more vulnerable than it.
PIPE Capacity avaialble to ISE:
To start with ISE has signed an agreement for a dedicated bandwidth of 512 K with Brain net. And connectivity between Brain and ISE will be a channel of 11 MB through radio link. As the number of users over remote service increase the bandwidth will be increased. We this capacity we will be effectively able to accommodate remote service for more than 20 members to start with.
Security & Integrity of investor order: Following security measures will be taken:
1. ciphered data will travel between sender and receivers end using asymmetric cryptographic technique.
2. Radio link between brain and ISE will be following - security standard.
3. Application level security will be guaranteed by user id password verification system.
4. At Brain ISE machine will be residing and the websites will be hosted on the ISE machine.
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Islamabad Stock Exchange