:: STP Trading

The real-time online system is designed so that clients are able to place online trading orders, watch the
stock market live, and view their portfolio. The clients have a greatly improved accessibility of the stock market and are able to draw maximum benefit from online trading by reducing their risk in a volatile market.
Zafar Securities is now offering full Internet trading facility through LSE gateway empowering the clients to execute end-to-end risk-free trading and experience truly live and interactive trading in a geographically independent and a secure environment; trading model previously seen in advanced markets only.
Client access is through a rich and secure Internet based terminal that provides real time graphs and market data views, order and portfolio management screens.

Application Modes
Application has three different modes for different type of users.
1. Subscriber
In subscriber mode only market data views and graphs are available. Users cannot place orders in this mode.
2. Client
Client Mode contains all the features of Subscriber mode and order and portfolio management system. Client can place his orders directly into the trading engine without any other human intervention. He can see his portfolio and unrealized gain/loss.
3. Trader
Trader mode contains all the features of Subscriber mode and order management system in which a trader can place orders on behalf of the house’s clients. This feature enables the brokerage house to save money they spent on purchasing more than one trading terminals.
Security
Pre-Order Margin checking
Whether a client or a trader places an order, it does not enter into the Trading System until it is cleared by the automatic margin control system. This pre-order margin validation reduces the broker’s and the client’s risk and keeps the client exposure within limits.
Encryption And Authentication
All the conversation between Trading Terminal and BackConnect Servers are authenticated and encrypted using the Standard SSL producers. The user information and orders cannot be hacked or viewed on internet.

Real Time Market view and Graphs
The application contains several types of market views and graphs, which are fully customizable and automatically populated by real time market data.
1. Board View (Summarized market view).
Provides summarized but comprehensive view of all the selected symbols in different markets.
2. Market Depth by Order
Shows the top ten queued orders for both buy and sell for a particular symbol.
3. Waterfall Ticker.
Displays every activity (in selected symbols) in waterfall style.
4. Time of Sale View (for a particular symbol).
Displays every trade in a particular symbol in waterfall style.
5. Exchange view.
Shows the index and exchange statistics.
6. Symbol’s price graph.
Draws the price graph of a particular symbol that is updated in real-time. The graph can be zoomed in or out for in-depth analysis.
7. Exchange’s index graph.
Draws the index graph of the stock exchange that is updated in real-time. The graph can be zoomed in or out for greater details.
8. Message Log.
It is an activity log that displays and logs all user activities and the messages received from the server and trading system.
Order Placement and Portfolio
Through order placement screens, traders and clients can place new orders, modify and cancel unexecuted orders, and view the list of trades and pending orders. All order types that are available in Karachi and Lahore stock exchanges are available in this trading terminal. List of the supported order types are
1. Normal order
2. Market order
3. Stop Loss order
4. Market If Touch order.
5. Hit / Take order.
6. Short sell order.
The clients can monitor their overall portfolio and their portfolio in current clearings. They can monitor their holding, average price and cost, current market value of their holdings and unrealized gain (or loss).
Price Alerts
The user can configure any number of price alerts to automatically generate a notification whenever the price of a symbol crosses the boundaries configured in that alert.
Symbol Listing
Complete symbol listing is available in the terminal. Users can get the latest quotes and circuit breaker limits of any symbol.

::Hardware & Software Requirements.

The basic advantage of the internet computer trading is if the clients can have access to the information and trade at will. With the
on-line trading facility at ZSL the client can do exactly that. Our state of the art back office software takes care of all the trading needs.

¨ Equity Module
¨ Custody Module
¨ General Ledger
¨ Internet Trading Client

With the Straight Through Processing (STP) linked to the Ultra Trade Software of LSE the client can logon to our server and place his trade execution. The order passes through our back office software, where it is checked for the trading compliance and margin settings and if the criterion therein set, are met, the back office software passes the order on to Ultra via the STP.

The ZSL BOS is a functionally rich back-office system designed to provide complete back office as well as front-office internet trading functionality with order management capability, equity and custody services, exposure and authority control and comprehensive general ledger system. BOS provides flexible end-to-end solution to brokerage houses with interfaces to the trading, central depository and the national clearing systems. It is fully compliant to all the settlement regimes of the National Clearing System.

The BOS is configured as a multi-branch system with controlled access to the trading and accounting features that branches can access through a central server at head-office. With STP feature the brokers will only need a single Ultra terminal hosted from a large number of internet clients connecting through the back-office. Strict margin control will ensure that no margin violation is allowed from any of the operational internet trading terminals that can operate from any destination.

A scenario for our back office is depicted below. It shows seamless interface among the various branches, internet clients and the back-office central server. Strict central control will always ensure that additional branches can be added without increasing the risk.



The strength of ZSL lies in its ability to manage and operate its large client base, this can not be possible without a state of the art back office software. Once again the management of ZSL realized that the obsolete back office software which was used successfully for such a long time will not serve the purposes or keep up with the trend of the future, further the vast potential of the internet can not be exploited with out upgrading its back-office. ZSL embarked on a mission to provide its clients with web enabled trading system. Once again taking lead it has successfully launched its newest tool.