Page 102 - DCOM507_STOCK_MARKET_OPERATIONS

Unit 5: Trading System in Stock Exchange

When Allan Pomerantz, CSO for the Exchange, went shopping for an endpoint security Notes
solution, Safend made the short list. “We looked at a couple of other products, but after
seeing the demo for Safend’s USB Port Protector, I requested that Gene meet with them.”
Pomerantz says.
Safend offers a free tool that identifies potential security leaks, so Gene Peters, Director of
Information Services for the Exchange, ran Safend’s Auditor on their network. The free
download provides a list of all devices that are or have been connected to the network
within the last six months. The vulnerabilities exposed after running the USB Auditor are,
at best, unsettling to most companies’ security personnel. But at the Exchange, Peters was
not disturbed by what he saw. “We run a tight security environment,” he says. “USB
Auditor really didn’t find anything we weren’t aware of.” He does, however, agree: “Auditor
is a very interesting tool.”
Tight security notwithstanding, the Exchange’s IT department is not in denial. Sarbanes-
Oxley and a flood of news stories touting the failure of other big-name companies to keep
private records under wraps has put security centre stage in the financial community.
With 400 machines to secure and a small staff, Peters knew he would either have to find a
creative solution to the threat of data tampering and theft via physical ports or start
rebuilding PCs. Safend provided the answer with their newest product, Safend Protector.
“Safend’s products are well thought out and actually accomplish more than we expected,”
he asserts. “The product is robust, helping us in our proactive quest to identify potential
problems.”
Safend Protector provides data access control from the physical ports of all enterprise
endpoints, such as USB, FireWire, WiFi, Bluetooth, Infrared (IrDA), and CD/DVDs yet
allows IT management to customize user policies.
“The theft of intellectual property is a major concern in most corporate environments,
including ours,” says Pomerantz. “However, even more troubling for us is the risk of
someone walking in here, plugging in a USB device, and uploading malware. Safend
Protector will help us reduce that risk.”

Source: http://wave.com/case-study-philadelphia-stock-exchange

5.2 Market Types

The Capital Market system has four types of market:
1. Normal Market: Normal market consists of various book types in which orders are
segregated as Regular Lot Orders, Special Term Orders, and Stop Loss Orders depending
on the order attributes.
2. Auction Market: In the auction market, auctions are initiated by the exchange on behalf of
trading members for settlement related reasons.
3. Odd Lot Market: The odd lot market facility is used for the Limited Physical Market and
for the Block Trades Session.
4. Retail Debt Market: The RETDEBT market facility on the NEAT system of capital market
segment is used for transactions in Retail Debt Market session. Trading in Retail Debt
Market takes place in the same manner as in equities (capital market) segment.

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