Page 23 - DCAP205_DCAP409_ANALYSIS_AND_DESIGN_OF_INFORMATION_SYSTEMS

Unit 1: Introduction to Information System Development

Notes
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Caselet NSE.IT New Tool to Help in Real-time Trading

N SE.IT is all set to provide a new software tool — “decision support system,”
(DSS) — for the capital market and derivatives segments.

The software, currently in the developmental stage, is being touted as an advanced tool
for real-time technical analysis and decision-making. It is being targeted towards investors
and traders and aims at giving them the power to strategise their plans.

Commenting on the product, Mr Satish Naralkar, CEO, NSE.IT, told Business Line that the
software was expected to be operational by the end of the first quarter. “We are still
working out our implementation plan,” he said.
The company had in November 2001, launched for the first time in the country an
integrated single screen CTCL product, NEATxS, for the capital market and derivative
segments. “The work on developing the DSS was started simultaneously,” Mr Naralkar
added.

The product will provide user definable query parameters on real-time data that help
identify opportunities quickly. It will also enable query on volume, price, quantity,
candlestick patterns etc.
Other features include events and alerts, charting, fundamental analysis, ‘what if,’ analysis,
mathematical calculations and models for derivatives etc.

The DSS product will support interfaces to multiple data feed sources for the latest market
data. The sources would include ASP-based data delivery model run by NSE.IT and CTCL
(computer to computer link) products.
NSE.IT has also introduced a learning management system under the aegis of finvarsity,
its e-learning education portal for financial markets.

“To be christened the ‘Enlitor’, the system will serve as an on-line tutor. Finvarsity is an
environment powered by the enlitor,” Mr Naralkar said.
While finvarsity has been designed to address the training needs of trading members,
investors, students and corporates, the target audience for enlitor is the entire corporate
world and educational sector.

Enlitor will enable educational institutions to deploy their classroom/distance education
programmes on the Internet, LAN, broadband satellite etc. “Enlitor will integrate
technologies such as text, audio, live motion, video graphics and streaming multi media
technologies.”
All services are customised to the specific requirements of the institution using the software
engine. “While deploying the course content of the institution, emphasis would be laid on
interactivity, multimedia presentations, animations, simulation quizzes that are needed
for imparting quality education,” Mr Naralkar explained.
According to Mr Naralkar, Enlitor, will use multiple technologies to deliver courseware,
depending upon the needs of the target population and the environment in which they are
situated.

Source: http://www.thehindubusinessline.in/bline/2002/01/14/stories/2002011400550200.htm

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