Since late 2002, the Exchange has expanded its offer for trading companies by
adding another service: the Connection Server (and its application: K2) offers,
among other things, the possibility for trading companies to trade on user platforms
selected and developed on their own.
Further advantages of a connection to the trading system through this Connection
Server include:
-
a direct data connection can be established between the centre of the trading
system and the back office systems of the trading companies (orders are automatically
transferred to the central trading system and the deals arriving from there are
also relocated to the traders’ computer systems);
-
full automation becomes feasible, because there is a direct link between the
systems and, as a consequence, the interval required for entering orders becomes
much shorter (an important requirement in internet-based trading);
-
it facilitates data processing for the trading companies;
-
trading data can be processed arbitrarily;
-
system login is at company level (not user level);
-
the user platform can be selected without restrictions; that is, in addition
to the trading workstations ensured for trading companies by the Exchange, the
use of other applications, developed on their own is also permitted, and so, they
have possibilities for the development and use of new functions (e.g. risk management,
pricing);
-
K2 is connected to the trading system of the Exchange through the same leased
line network as the trading workstation(s).
Given that not all of the functions of the MMTS trading system can be accessed
through the Connection Server, it is therefore recommended that in addition to
the operation of K2, the software of the trading workstation should also be used.
The opening of the closed exchange trading system was realised in such a way
that the general system parameters (order types, order matching algorithm, trading
periods etc.), determined in the Exchange trading regulations were not modified.
