MAPS
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MAPS™ is a powerful set of Solutions which facilitates and manages operations necessary for an Exchange. It has Order Matching and a Clearing and Settlement Solution which is available for the Cash, Futures & Options and commodities segments.

  Multiple Solutions for Multiple Environments
  MAPS™ is available as an Platform Independent Application. It is Operating System independent and can use Win NT, Win 2000, Win 2003, Unix, Linux, Sun Solaris etc… and it also is Database Independent and supports a wide variety of Databases like MS SQL 2000, Oracle 8i, My SQL, DB2 etc….
It using Java™ technology is optimized for Heavy Trading for use by dealers, day traders, auctioneers, and arbitrageurs and boasts a robust architecture with an enhanced feature list.
  MAPS™ Features
  MAPS™ as an Order Matching Engine for Exchanges:
 
Matches incoming orders on a real-time basis
Can support both order driven as well as quote driven matching
Using a Clustering approach, multiple instances of the matching engine component can be distributed across machines to provide for optimum load scenarios, with a main matching engine controlling other client matching engine components
  MAPS™ as a Clearing and Settlement System for Exchanges
 
Web based Clearing and settlement system
Internet enabled
Multi-tier membership (Clearing Member, Trading Member) management
Position Netting at different membership class and client level
On-line alerts when member's exposures / positions approach the full limit
Exposure limits of members are automatically set, based on financial information
Real-time interfaces to Depository and Clearing Bank
Can handle T+5, T+3, T+n settlement cycles integration with Clearing and settlement system
Online position monitoring system
Comprehensive Risk Management
Thin client technology
Maximized performance
Minimum client overhead
  Matching & Processing System
  MAPS™ has a flexible and configurable risk management system comprising of
 
Risk Management at Member Level
Price Movement Monitoring
Circular Trading
Top Commodities (Underlying) in terms of turnover (value / quantity)
Marketwise position limits for Contracts
Exposure Limits
Member wise
Contract wise
Underlying wise
Marketwise position limits
Daily Volatility
Var / SPAN Margin
Special Margins based on Exposures of Members
Monitoring of Members by turnover top ‘N’
IP Address based restrictions.
User Rights
  RMS and Exchange Level
 
     
Trading Turnover vs Margin Collected
Delivery Turnover vs Margin Collected
Violations in Margins
Imposition of Special Margins
Consolidation of Underlying wise exposure in individual exchanges
  All these can be further configured to the following levels
 
User
Exchange
Market
Segments
Security / Instrument
  Report Management
  System wide, fully customizable reports are available to the administrators for viewing positions and details of Members. The admin can cancel/square off orders as and when required from within the admin reports. Chat and instant messaging tools are built-in as part of MAPS™ to enable the Exchange to communicate with dealers/Members
  The Member can view
   
 
Outstanding orders
Orders and trade Messages
Market by price
Trade details
Market Watch Formulae Fields
Net Position (Member /Script /Detailed)
Market Movement
Activity Log
Script /Contract Information
RMS Details
Others
 
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