10th ameda meeting marrakech - october 21-23, 2009 rachid haboub
TRANSCRIPT
![Page 1: 10th AMEDA MEETING Marrakech - October 21-23, 2009 Rachid HABOUB](https://reader035.vdocument.in/reader035/viewer/2022062804/56649eec5503460f94bfdb3b/html5/thumbnails/1.jpg)
10th AMEDA MEETING
Marrakech - October 21-23, 2009Rachid HABOUB
![Page 2: 10th AMEDA MEETING Marrakech - October 21-23, 2009 Rachid HABOUB](https://reader035.vdocument.in/reader035/viewer/2022062804/56649eec5503460f94bfdb3b/html5/thumbnails/2.jpg)
2
PRELIMINARY REMARKS
![Page 3: 10th AMEDA MEETING Marrakech - October 21-23, 2009 Rachid HABOUB](https://reader035.vdocument.in/reader035/viewer/2022062804/56649eec5503460f94bfdb3b/html5/thumbnails/3.jpg)
WHAT IS MCL UP TO ?
3
NEW MARKET INFRASTRUCTURE
Current platform went live in 1998
Completed over 10 years loyal service
![Page 4: 10th AMEDA MEETING Marrakech - October 21-23, 2009 Rachid HABOUB](https://reader035.vdocument.in/reader035/viewer/2022062804/56649eec5503460f94bfdb3b/html5/thumbnails/4.jpg)
Environment has changed considerably
• Trading volumes picked up
• Spectrum of instruments has widened
• Structured products are emerging
• Expectations of market players are much higher
4
![Page 5: 10th AMEDA MEETING Marrakech - October 21-23, 2009 Rachid HABOUB](https://reader035.vdocument.in/reader035/viewer/2022062804/56649eec5503460f94bfdb3b/html5/thumbnails/5.jpg)
The main features of our target platform are the following :
Four-tier Architecture
• User interface layer
• Application layer
• Communication service layer
• Database layer
5
![Page 6: 10th AMEDA MEETING Marrakech - October 21-23, 2009 Rachid HABOUB](https://reader035.vdocument.in/reader035/viewer/2022062804/56649eec5503460f94bfdb3b/html5/thumbnails/6.jpg)
Business continuity
•On the main site
Production system + hot stand-by system, connected by a HACMP cluster.
•On the DR site
Synchronous replication mechanism between Production and DR is considered.
6
![Page 7: 10th AMEDA MEETING Marrakech - October 21-23, 2009 Rachid HABOUB](https://reader035.vdocument.in/reader035/viewer/2022062804/56649eec5503460f94bfdb3b/html5/thumbnails/7.jpg)
Authentication/Security
• Use of a combination of BPID/User ID/Password + use of RSA token
• Data encryption (data in transit between browser and web server using HTTPS)
• SSL encryption for CFT
7
![Page 8: 10th AMEDA MEETING Marrakech - October 21-23, 2009 Rachid HABOUB](https://reader035.vdocument.in/reader035/viewer/2022062804/56649eec5503460f94bfdb3b/html5/thumbnails/8.jpg)
Communication media
• Dedicated leased lines
• VPN as back-up vector
8
![Page 9: 10th AMEDA MEETING Marrakech - October 21-23, 2009 Rachid HABOUB](https://reader035.vdocument.in/reader035/viewer/2022062804/56649eec5503460f94bfdb3b/html5/thumbnails/9.jpg)
Business model
2 different business models in parallel :
• Exchange trades : GNS / T+3
• OTC trades : GGS / T+0
NB : Different components will be dedicated to specific segments
9
![Page 10: 10th AMEDA MEETING Marrakech - October 21-23, 2009 Rachid HABOUB](https://reader035.vdocument.in/reader035/viewer/2022062804/56649eec5503460f94bfdb3b/html5/thumbnails/10.jpg)
Implementation time-frame
• Full stack (Main+DR) has been installed
• Application being tested
• Bi-lateral testing with BP’s under way
• Users training to be performed in few weeks from now
• Final release of the application expected shortly
• Go-live date still to be firmed up (current target is early 2010)
10
![Page 11: 10th AMEDA MEETING Marrakech - October 21-23, 2009 Rachid HABOUB](https://reader035.vdocument.in/reader035/viewer/2022062804/56649eec5503460f94bfdb3b/html5/thumbnails/11.jpg)
CONCLUSION
CSD’s are facing many challenges :
1- Technology change
2- Market change
3- Regulatory change
11
![Page 12: 10th AMEDA MEETING Marrakech - October 21-23, 2009 Rachid HABOUB](https://reader035.vdocument.in/reader035/viewer/2022062804/56649eec5503460f94bfdb3b/html5/thumbnails/12.jpg)
Thank you
12