The Parsec business stock exchange is a complete software support required to run a commercial stock exchange. The Logic implements a very close prototype of the current paradigm followed by major world stock exchanges.
Specifically, It removes the need for brokers to negotiate deals for the actual clients. We permit a secure login interface for buyers and sellers. They can login to trade at the exchange. At any time, the exchange logic is busy breaking deals between these bids. What we achieve from this is an unrestricted geographical coverage which enhances the total volume of trade.
Also available are statistical support features for the customers to analyze the performance of a particular share. Latest stock market mechanisms like Short Selling are also incorporated.
The Stock exchange maintains a Database of equity ownership and statistical history of each share floating in the market, apart from the listings of currently active bids. We break deals between bids and ensure the customer remains properly in tune with his assets and liabilities by providing a carefully designed Portfolio. The latter maintains a record of each share held by the customer and the net profit/loss on him for that share type.
The Stock Exchange is driven by the Java 2 Enterprise Edition architecture (J2EE). Based on a recent paradigm of Enterprise Java Beans, the J2EE architecture transfers many of the implementation details to the J2EE Container. The result - a highly optimized system organization.
Circuit Breaking is a crucial stock market mechanism that ensures stability of share prices. The incoming bids are filtered such that they do not force the share prices to fluctuate too much. Technically, the Swing Limit decides the maximum variation a bid price can have with respect to the day's opening price.
Short Selling is a customer support feature that allows users to place more shares on selling bids than they actually have. The aim is to enhance the overall trade volume. A customer who short sells must transfer the proper amount of shares to the buyer after a permitted maximum number of days. Otherwise, what follows is legal action and confiscation of the user's deposit with the exchange.
At the top of the hierarchy is the Administrator who is responsible for the total stock market behavior. He is allowed to change crucial stock market parameters that have critical market on performance.
The Exchange has Authenticators who analyze and validate the registration forms of users and companies. Their role is crucial in filtering the requests for registration from both sources.
The administrator is empowered with the button to freeze all market transactions at any time. When this happens, the process of deal breaking ceases and placed bids are suspended.
Apart from this, there is the feature of Circuit Breaking that operated persistently as described above.
Deals are broken at a fixed frequency. At any time, the bids currently in place are analyzed and based on a particular algorithm, deals are fixed. In case the number of shares in the two bids do not match, the minimum is broken and the rest is queued up again.
Along with deal breaking, the exchange discovers prices for every share type from the bids. This is also done with a fixed frequency.
Yes. The Exchange's main page runs a listing of current share prices. You do not need to be registered with the exchange to see this listing.