Led an advisory team which designed the central algorithm for a highly sophisticated, automated trading system (BOLT) for jobber and broker operation and addressed the regulation and surveillance of the market and changes in member practice. The BSE was the largest manual, floor traded market in the world with over 6000 companies, 3000 brokers and jobbers. Automation had an immediate and positive effect on the market and the SENSEX is a major index traded worldwide.
Brokers Projects
Broker Systems – Back Office Requirements*
Advised on business requirements for a new broker back office system, as well as product entry and marketing strategies for the company, focusing on the UK market and Central/Eastern Europe.
Thailand Stock Exchange & Broker Front End System*
Mentored the RFP evaluation and vendor and system selection process for a new Member Front End Trading System for the Thai securities and derivatives market. Worked closely with over Thai 30 broking firms and the Stock Exchange of Thailand during the process. Evaluated several leading vendors including; Biznews, Cameron FIX, Direct FN, DST , FFastFill, Flextrade, Freewill , Horizon, KOSCOM, Metabit, Pdv, Serisys, patsystems, Silverlake, Sungard, Millennium
UBS London – Entry Strategy*
Conducted a market analysis and review of the top 20 Bombay broking companies to assist UBS’s entry strategy into the Indian securities market.