TCS BaNCS for Trading

The rapidly changing technology landscape and customer expectations are shaping the future dynamics of
the brokerage industry today. Cloud based solutions and data analysis tools are helping drive improved
customer experience even as cybersecurity becomes a focus and digitization gains stronghold. Customer
experience is becoming central to the future operating model of trading. Firms are looking at unifying the
user experience across multiple devices and form factors, while they cater to the discerning retail investor
of today, who wants actionable data gleaned from social media behavior and pattern detection analytics. On
the institutional side, the rapid adoption of algorithmic trading and co-location facilities is driving the race
towards low latency platforms.

TCS BaNCS for Trading is a multi-market, multi-asset trading solution, which seamlessly integrates as a
complete front-to-back office offering. Deployed as a standalone solution or integrated with third-party or
in-house back-office systems, its modularity allows for the implementation of independent components
such as channels, risk management, FIX, and more. The digital solution has been developed with responsive
web design principles ensuring portability across different devices and form factors. The institutional
module supports multiple execution types such as worked orders, Direct Market Access (DMA), Direct
Strategy Access (DSA) and algorithmic trading. Further, the usage of in-memory architecture and high
performance computing principles enable low levels of latency.

Overview
Today, with both retail and institutional customers making Retail and institutional trading
sophisticated choices and demanding better services,
Multi-asset, multi-lingual, multi-market,
brokerages are finding it difficult to attract and retain clients.
multi-currency
Retail investors expect superior usability experience. Brokerage
firms are consistently innovating the user experience by Real-time risk management
offering seamless connectivity across traditional and digital
channels (branch, mobile/tablets). Added to this, Integrated front-mid-back office as well as
personalization, rich content, and actionable analytics are going standalone front-office or back-office
a long way in improving user experience, enabling intelligent solution or trading channels
decision making. Solution for retail and institutional trading for
brokers, banks and financial institutions
To generate new opportunities, institutional customers need to
build and customize their trading strategies without depending Hosted/White label solution for
on a broker. A low latency trading platform can help exchanges/brokers
brokerages compete effectively in the market. Digital trading channels

Retail Trading

Custodian/ Back-office Market data

Depository/Bank vendors
Internet Trading

Branch Dealers
Order Mgmt.
Mobile/Tablet Stock
Order/Trade Exchange
Order Routing
Multiple Access
Channels

Kiosk
Execution Mgmt.
Call Center

ATM/IVR Workflow

Cross Border
Algotithmic Trading Order/Trade Partner Broker/Order
Whitebox & Black box
Chatbot Routing Network

Advisory Desk
Dealers Limit Mgmt.
Wearable Gadgets Position Mgmt.

Institutional Trading

DMA

OMS

Fund Manager/Fil Trading Desk Risk Managers

Sales Trader

Solution Architecture
 Access Asset Order Risk Execution
Entities Connectivity Market data Analytics
Channel Classes Management Management Management
Trader Work Order Limit Direct Market Exchange Pattern
Trader Equity Exchanges
Station Routing System Management Access Market Data Detection Tool

Listed Order Position Electronic Desk Market Data Social Media

Internet Trading Sales Trader Colocation
Derivatives Management Management Access Vendor Monitoring

Exchange Pre-Trade Waving & Order Routing

Active Trader Risk Manager Order Blotter News Vendor
Traded Bonds/ETFs Compliance Scheduling Networks

Mutual
Call Center Call Center Portfolio Basket Trading Third-party
Funds, IPO
Order
Management
T-Bills, Decision Algorithmic Systems
Mobile/Tablet Clients
Warrants ,ETFs Support Trading,
ROBOTRADER
ATM/IVR OTC Charting Partner Brokers
Broker Strategy
Access
Smartwatch/
FIX
Wearable gadgets Advanced
Trading
Chatbot FIX Enricher

External
Portfolio
Manager

Interfaces Payment Gateway | Depository | Post-Trade Settlement and Back-office Systems | SSOL

Models Institutional | Retail | Financial Superstore | Bank Broker

Solution Components

Benefits
TCS BaNCS for Trading can accelerate business growth for a sell-side firm by offering the following benefits:

Digital trading channels

State-of-the-art HTML 5.0 based web, mobile and
tablet trading applications enabling personalized
user experience across multiple devices and
platforms

Increased trading efficiency and control

Support for all types of trade executions, viz, care
orders, - Direct Market Access, algorithmic trading
and Direct Strategy Access increasing dealer
productivity and efficiency
Custom trading strategy for greater control over
trade execution

Superior risk management

Pre-trade validation for buying power limits and
market-specific regulations, prior to sending of
orders
Highly effective order-level risk management and
overall exposure monitoring via an extensive rule
base

Anytime, anywhere trading

Convenient access channels - such as the internet,
mobile/tablet, ATM, and IVR to improve market
accessibility for investors. Support for mobile
platforms such as iOS and Android
 Web-based Trading System

With extensive experience and knowledge of capital Features:

markets and of having deployed state-of-the-art Multi-market information
solutions for more than 370 solutions globally, TCS
has built a comprehensive best-in-class trading Real-time market feeds
solution that caters to the needs of retail and Graphical portfolio view (Exchange wise, currency
institutional brokerage firms, such as: wise, asset wise)
Advanced charting
Support for multiple asset types, including equity,
equity-based futures and options, ETFs, currency News, research & analytics
derivatives as well as the collection of IPO and
mutual funds Mobile/Tablet Trading:
Ease of creation and introduction of new invest- A hybrid mobile application supports multiple
ment products devices and technology platforms.
Multi-lingual trading
Centralized and real-time order-level risk manage-
ment across asset classes
Connectivity to global liquidity pools either directly,
via native/FIX protocol, or through partner brokers
over FIX
Multi-market, buy-side/sell-side connectivity using
industry standard FIX Protocol over Global Order
Routing Networks (Bloomberg EOR, ROR, among
others)

Retail Brokerage
The solution offers a complete universe for trading
with analytics and social media integration

Web-based Trading System:

The web terminal is an advanced HTML 5.0 based
trading front-end allowing retail investors both
transactional and analytical capabilities. A dashboard
built on a widget-based layout delivers rich content. Mobile Trading
 Portfolio Module
Features: Advanced Portfolio Module: A comprehensive
Streaming market data multi-portfolio application providing full information
of holdings across asset classes, markets and
Multiple watch list currencies displaying asset-wise allocation, and
Advanced trading applicability of corporate actions and real-time
valuation
Real-time portfolio valuation
Heat map Robo Trader: Automated execution of trades based on
Online hold/release fund strategies applied to stock price movement in
real-time
Advanced charting & research
Multiple access channels, including dealing and
Chatbot: Messaging-based bot, which has the ability to advisory desk, web-based trading, high-speed
communicate with messenger services (Facebook, trading terminals with streaming market data,
WhatsApp, WeChat). Chat-based trading for investors, mobile phones/tablets, chatbots, IVR and ATMs
simplifying the trading experience wherein they can
perform basic functions such as check quotes, Standard interfaces to help manage lien marking for
portfolio information, transaction history and buy/sell, funds and securities in real-time
all on a conventional bot
Support for direct connectivity to exchanges as well
as partner/broker model (disclosed/omnibus)
Support for advanced trading (conditional orders,
slicing, basket orders) and charting from multiple
investor channels
Personalized front end-customizable screen layout
and functionality
Hybrid mobile architecture – A single application
supporting different mobile platforms and devices
Analytics and Social Media Monitoring - Pre-built
integration with technical analysis and social media
monitoring tools enabling informed
decision-making by investors

Chatbot
Institutional Brokerage
TCS BaNCS provides a low latency platform with Direct market access to liquidity pools and order
algorithmic trading strategies for best execution, routing networks (ROR, Marco Polo, and
offering: partner/broker) over FIX
Algorithmic trading support for industry standard
Electronic access to the order blotter as well
protocols (for e.g. VWAP, TWAP, ICEBERG,
as Direct Strategy Access for portfolio
Volume Participation, Peg & Pounce, Hidden,
managers/fund managers over an optimized,
Arbitrage-Cash-to- Futures, Future-to-Future) as
embedded FIX engine
well as access to algorithms developed by brokers
Scheduling orders based on combinations of or with third-party systems
price, time, and quantity, with intelligent
Direct Strategy Access for brokers to offer TCS
rule-based routing to liquidity pools
BaNCS trading algorithms to the buy-side, allowing
Program trading along with management of them to use the algos directly
lists, baskets, and trading

Technology Advantage
Unix, Linux support resulting in low TCO
Data Access Layer – Supports all prominent databases for persistence
Responsive web design framework – Optimal viewing experience across devices
Low latency architecture - In memory database architecture, high performance parallel computing

For the broking subsidiary of a leading Financial Services Group, Tata Consultancy Services implemented an
integrated multi-exchange, multi-asset, multi-lingual securities trading platform, replacing their existing, disparate
trading systems. The new trading platform helped them streamline their trading operations and provide a
convenient, easy-to-use and feature-rich single point of trading access for their investors. In a year's time, the firm
was able to enhance market share and move into the Top 5 league.
Integrated Risk Management capabilities allow
brokers to monitor the risks associated with trading in
the equity and the derivatives segment. They can set
risk limits and monitor margin utilization and exposure
of the various entities in the system. A flexible rules
engine allows the system to mimic unique require-
ments of different trading members.

In a nutshell, the securities trading solution from TCS

BaNCS helps sell-side firms to compete successfully in
the broking business by improving client acquisition
and retention, while increasing trading efficiency and
controlling operational risk.
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