| Assignment Name:Feasibility study ?Implementation of a fully electronic trading platform for RM-Syst?m Czech Republic? |
Country: Czech Republic |
| Location within Country:Prague |
Professional Staff Provided by your Firm: 9 |
| Name of Client: Czech Security Exchange RM-Syst?m |
No. of Staff: 9 |
Address:Podvinny mlyn 6
18018 Praha 9
Czech Republic
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No. of Staff Months, Duration of assignment: 16,4 staff-months
Duration: months |
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Start Date:March 1998 |
Completion Date:November 1998 |
Approx. Value of Services:N/A |
| Name of Associated Firm(s) if any:- |
No. of Months of Professional Staff Provided by Associated Firm(s):- |
| Name of Senior Staff (Project Director/Coordinator, Team Leader) involved and functions performed:Project Manager: Mr. Hannes A. Takacs |
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Narrative Description of Project: |
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Originating from the voucher privatization, RM-Syst?m created an environment that provides simple, fast and direct access to the Czech capital market for banks, brokers and millions of small shareholders. RM-Syst?m operates a fully electronic trading system with 119 Service Centers (Share Shops) throughout the Czech Republic.
Project objectives at a glance were:
- The long-term objective is to establish a direct trading and clearing link between RM-Syst?m and CAPMEX as soon as the legal framework for a direct exchange linkage has been ratified in both countries
- Establishment of RM Academy as a financial training center for existing and new products
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Description of Actual Services Provided by your Staff: |
- Development of an order routing solution between a member bank of CAPMEX and RM-Syst?m
- Description of the structure and method of settlement and clearing
- Implementation of a central order-book to increase liquidity
- Establishment of the technical infrastructure at RM-Syst?m and interfaces to the RM-Syst?m trading system
- Implementation of risk management tools (ROPE)
- Advisory services in product development
- Advisory services in marketing
- Implementation of a training academy (self-study handbooks, seminar materials, presentation materials)
- Design of an appropriate IT solution (hardware, software, network, API, interfaces?)
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