ASTS is a high performance, sophisticated trading system for financial exchanges. The system receives orders, executes and confirms trades and communicates with traders, market information providers and surveillance systems. It is a multi-instrument system which manages both order and quote-driven markets.
ASTS is designed to integrate the four main processes of the trading cycle of an exchange:
- Trading
- Clearing and Settlement
- Depository
- Broker / Client Accounting
This integrated approach extends the benefits of automated efficiencies through the trading cycle by reducing settlement risks and the total costs of exchange operations.
Each of our clients has unique requirements. A high proportion of these requirements are satisfied by configuration of system parameters and the addition of 'plug-in' libraries. There is a reduced need for re-programming and software testing.
The system's performance is impressive. For example, the Shanghai Stock Exchange regularly handles 2 million ASTS trades per trading session.
Over the past 12 months there has been significant success in our bids for new business world-wide. Six new projects have been won over the last 6 months. ASTS' strong market position will generate further business in established markets and will provide a basis to invest in new, untapped markets.