Nextware pursues eFinance and eBusiness solutions with the state of the art technologies and customer satisfaction-oriented management. Nextware inc. e- Finance Integrator
Introduction Overview Company Information Recent Accomplishments Organization Business Area & Solutions Solutions & Target Customers HiperFX HiperBOND HiperOFX HiperFIX/OMS Stock Trading Systems Customers
Nextware is a leader in the e-Business industry and the best solution specialist with cutting edge technology. Brokerage System Provider: Nextware is one of the top brokerage system providers in Korea. Striving to achieve ‘Harmony Between Human and Technology’ in this fast moving market and technology environment, Nextware builds e-Business strategies and creative service plans to make our customers to be the winner in the market. eFinance Solutions Provider: To provide value-added and innovative solutions to customers wishing to be the Information Technology pioneers of the industry, Nextware put our passion into developing specialized solutions for eFinance as well as high-performance middleware and global standards based (FIX, ISO15022) solutions. Overview
Nextware provides the most efficient eFinance and eBusiness solutions for customers who demand to be on leading position in their dynamically changing business fields. Nextware Co., Ltd CEO : Smith Kim(HyoungJun Kim) No.1002 Shindonghae Build.,15-3 Youido-Dong, Youngdeungpo-Gu, Seoul, Korea Call : +82-2-6250-3060 Fax : +82-2-6250-3003 URL : www.nextware.co.kr e-finanance Solution Development Digital Agency (StreamOf) Cyber trading Solution STP Solution financial B2Bi Solution e-Strategy Service e-Creative Service e-Technology Service Company Information
HyunDai Investment and Securities,Tongyang Securities - Web renewal project
Miraeasset Securities, KOSDAQ - Web renewal project
Korean Exchange Bank – MarginFX Trading System
Orbit Capital(Japan) – HiperFX Dealing Station Providing
Hanmag Refco Futures – HiperFX Dealing Station Providing
KEB Futures – HiperFX Dealing Station Providing
Sinopac Securites(Taiwan) – HiperT/HiperStock And ActiveHTML - HTS/WTS
Tongyang Securities – HiperFIX/HiperOMS – Institutional Trading System
Woori Futures – HiperFIX Enterprise Server
- StockONE Team
- STP Team(HiperFIX/OMS)
Interactive Design Team
Cyber Stock STP Forex (MarginFX)
HiperT(Middleware For Cybet Stock Service
StockONE(Quote Service System)
ActiveHTML( HTML Based Realtime Web Trading System)
HiperCCF(Post-Trade STP Standard)
HiperOMS(Buy Side And Sell Side)
HiperBOND( FIX Based Bond Trading System)
HiperFX Dealer Station
HiperFX Trader Station
HiperFX Administrative Station
Business Area & Solution
HiperOFX(Electronic exchange of financial data between financial
Institutions, business and consumers via the Internet.
Created by CheckFree, Intuit and Microsoft in early 1997)
IM Based CRM Solution
IM Marketing Solution
Business Area & Solution
Market/Customer’s Groups Solutions & Target Customers Solutions ActiveHTML HiperBOND HiperOFX Faim(Messenger) Futures Back Office System AMS(Asset Management System) HiperFX HiperCCF HiperFIX/HiperOMS HiperT/StockONE/AFiS etc Insurance Bank Futures Institution Investors Securities
Comparison (FX margin Spot / Index Futures / Stock) HiperFX - Comparison Chart T+2 Pre-Defined Maturity Date T+2 (Able to roll forward to next value date) Value Date (Settlement) Comparably more vulnerable to Market Manipulation Market Manipulation unfeasible with Stock Index Reference Market Manipulation unfeasible in a large-scale international market Transparency Commission + Taxes Commission + Taxes spread between the Bid/Ask Rates Trading Fees Full Equity Trading Profit-Taking without Undertaking a Position (Trading Possible without Full Equity) Non-Deliverable Settlement (Trading Possible without Full Equity) Settlement Method Exchange-based Trading Hours Exchange-based Trading Hours 24 hours(Major Currencies) Trading Hours Exchange-base Quote (Counterparty must be Available) Exchange-based Quote (Counterparty must be Available) Market Maker’s Streaming Two-Way Tradable Quote Price Dealing Method Buy:: 30% (3.3 times) Sell:Sport 100% 15% (6.6 times) 1%~20% of Trading Volume (100~5 times) Investment (Leverage) Stock Index Futures FX Margin Spot Feature
Swift ordering via Quick Click
Supports various order options that assign stops, limits, OCO orders within the scope of settlement
& account monitoring
& various analytical tools
Real-time quote Activity Log Chart Currency Quote Windows Real-time Account Monitoring Entry Order in Wait Mode Position Monitoring HiperFX HTS
System setting by Dealer
Real-time position/Order Monitoring of risk and margin call positions.
Real-time spread adjustments
Real-time quotes Currency position summary Entry Orders in Wait Mode Dealer operation Mode & Spread Setting Client Position & Margin call management HiperFX Dealer Station
Overall position monitoring and outbound orders monitoring possible
Dealer Order Proprietary settlement capacity and transfer to overseas bank possible
Automatic order volume calculation/creation via QuickClick
Liquidity Provider Rates Inbound/Outbound Order Management Account management by Bank Entire Position Survey by Currency HiperFX Trader Station
Well Organized & Extensible
Multi-purpose Web Application
Create operation setting for
and Back Office Features
Sub Menu Main Menu Detail Features HiperFX Administrative Station
HiperBond is a Fixed Income trading platform designed for improving the efficiency of fixed income trading. HiperBond supports many useful functions, including the real-time delivery of IOI as well as all functions of messenger. HiperBond adopts the quoting model of FIX 4.4 version.
▶ Quote(Order) register ▶ Negotiating
▶ Quote request ▶ IOI
▶ Execution report
Closing Work Support
▶ Creation of closing aggregate data
▶ Allocation support
▶ Data interface with accounting system
I nvestment Information Management
▶ Price and yield calculation ▶ B ond issue information management
▶ Market i nformation search ▶ I tem search by the issue information
Real-time Fund Management Accounting Supports HiperBOND - Benefits Benefits - Trader Efficient Price Discovery Raise Efficiency for Price Discovery and Enhance Liquidity Negotiation with multiple brokers, with easy to use graphic interface. One click sending of Quote Request to multiple brokers.Display of well-organized quotes from multiple brokers, ordering by earning rate. Reliable Settlement Reduce the Task of Error Prone Back office Eliminate manual procedure with credible delivery of execution report and integration with back-office. Simulate Fund Allocation Fund allocation simulation, integrating real-time integration data with the data from depository Enhance Accuracy of Accounting with Reliable Execution Report Delivered Automatic report creation Improve accuracy of closing work through credible execution data
Benefits - Broker HiperBOND - Benefits Enhance Liquidity and Support Brokers Effectively Able to Negotiate with multiple traders, with easy interface. Raised trading transparency by preventing bogus quote creation with efficient system information processing method. Support delicate negotiation process by adopting the Quoting model of FIX 4.4 Able to Transmit Reliable Information Less error, Less entry. Enhanced Brokerage’s Performance Enhancing Accuracy Credible settlement Generate Dependable Settlement Information interfacing with Back office Credible settlement through minimized manual work by electronic data delivery
Embedded Messenger Quote Summary Detailed Quote Negotiation Dialog Order & Quote Request Execution Information HiperBOND Trader - Screenshots
HiperBOND Dealer - Screenshots Embedded Messenger Execution Information Quote Information Negotiation Information
HiperBOND Trading Workflow – Dealer1 Trader Dealer Request a Quote (Msg Quote Request) Response for the Request (Msg Quote) Request a Quote Quote Reject Request an Execution (Msg New Order Single) Request an Execution Reject Execution Reject Notice of Execution (Msg Execution Report)
HiperBOND Trading Workflow – Dealer2 Trader Dealer Unsolicited Quote (Msg Quote) Request an Execution (Msg New Order Single) Request an Execution Ignore Execution Reject Notice of Execution (Msg Execution Report)
HiperOFX = High Performance OFX(Open Financial eXchange) Engine
Engine implemented OFX Protocol in Java language
Client Program Written in Java. Serviced in Web (JSP, Servelet) or application format. Uses OFX Engine API. HiperOFX Adapter Written in Java. Communicate with a server in banks and process data. Uses OFX Engine API. Legacy server in Banks Monitoring HiperOFX HistoryManager HiperOFX OFX Engine APIs OFX Engine APIs
Provide high level, Java format API for Client and Server
Support OFX version 2.0.1 as default (fully compatible with other versions)
Parallel processing of each service using Multi-Thread
Manage data synchronization using DB / Cache
Uses JDBC. DBMS-independent
Provide monitoring tool for the administrator
Support encryption on Application-Level
HiperOFX - Features
CLIENT FI Profile Request SERVER Profile Manager Banking History Manager Signup Service Parser OFXDeclarationChecker SignonChecker Payment Investment Billing E-MAIL Lookup History Manager History Manager interface Gateway OFXRequestRespose Q Q Q Q HiperOFX - Architecture Properties Manager Load and store necessary data when starting up the engine. This can be different to each FI profile or can have pre-setting values. conf.xml
Font Office STP Consolidation Solution FIX Engine + Message Transformation + EAI The First Domestic Financial Application Supporting Global Standard… Not OEM & Foreign Product but Developed Not a Toolkit but Application Package Easy to Customize to Meet Needs Easy to Use with GUI-based Configuration Independent on Specific DBMS/Middleware XML-based Structure Keep Technical Initiative
The First Java-based FIX System
Global standard to exchange various trading information between broker, institution, exchanges
Platform independence. Overcome limit of single type computer system and carrier
Recognized as global message standard of the front-office
Less Coding, But Access to Source HiperFIX FIX Based B2Bi Local FIX Brand Open Design
[Screenshot1]Session Info [Screenshot2] Session Message Info HiperFIX – Administration Screenshots
Easy to Develop, Modify, Maintain OMS with Message Middleware(HiperM/SmartSocket)
Support Various Order Types
Manage Buy-side’s Client Order Number and List Number to Execution Reporting as well as Broker’s own Order Number
Support Trader Allocation and Order Execution
Support By-Pass Order
Add Order Confirm Step to By-Pass Order Process with Option
Support Manual Order Entry in System Failure and Other Emergency Situation
Support Manual Order Execution Entry and Transmission in Emergency Situation
Allocate Client Order ID for Non-FIX Order for Transition of Execution Report via FIX
HiperFIX/OMS - Features
HiperOMS - Screenshots
Web Browser STOCKONE RTS ② sending A code ① Sending a code ⑥ sending a code ④ Displaying the return UPDATED ⑦ subscribing a user id and a code CTRLD HiperT a) receiving The marketdata For casting b)scanning the subscriber And the hiperT id c) Sending the data To subscriber d)auto-updating The market data ⑤ sending the code For auto-updating service=for subscribing a)~d): auto-updating ① ~④ Request/reply TOMCAT/JSP ActiveX For updating HTS / WTS / ATS System Architecture HTS Client Application SHM ISAM Session Table Pub/sub Table For casting sDB Interface AP1 AP2 …… . AP.N
Nextware’s WTS (Web Trading System) can be implemented in both 3-tier based architecture and ActiveHTML based architecture. ActiveHTML allows real time data updating of web browser by its active and automatic reloading mechanism.
Easy to Use (written in HTML / only need web browser)
Real-time data delivery without pressing reload button on the browser -> Fully support web trading
ActiveHTML based WTS
Java & 3tier architecture based WTS.
Provides fast, stable and reliable trading system in web browser
3tier based WTS WTS – Web Based Trading System
ActiveHTML (ActiveX control based) provides excellent system performance & stability compare to Java applet based system.
Minimize load of network layer by utilizing session manager. (Only one connected session)
User friendly Graphic User Interface ; ActiveX HTML supports HTML & CSS style
Allowing keyboard order inputs from web browser for faster input - Utilizing keyboard event handler, tab index and access key of DHTML
Easy to Use GUI
One network communication manager for all real-time services - ActiveX Chart, ActiveHTML Web pages & Band. Stable and Reliable service.
Light weighted one network communication manager (ActiveX control) enables faster system speed.
Fast & Stable Service
Changes on TR structure or adding up new ActiveXHTML pages do not require any changes on ActiveX control.
Easy Maintenance and Devl’t Nextware WTS WTS – Web Based Trading System
How the system works?
ActiveHTML allows easy session management and network management. One network communication manager for all real-time services - ActiveX Chart, ActiveHTML Web pages & Band.
Nextware’s ActiveHTML uses only one network session (session / communication) allowing excellent performance and system resource management.
HTS Server Comm ActiveX Comm ActiveX Chart Comm ActiveX Band Comm ActiveX HTS Server Routing ActiveX Routing ActiveX Chart Routing ActiveX Band Routing ActiveX Other Real-Time Systems Nextware’s ActiveHTML Session / Comm Manager
Other systems use separate communication module for each service such as web pages, chart and band. One client of HTS server needs to have multiple session and it results high system resource usage. Nextware's ActiveHTML uses only one network communication session for all services and saves system resources.
Other systems need replicated data transmission for each session when all sessions use the same TR. This approach wastes network resources. Nextware's ActiveHTML allows TR register / delete for required TRs.
WTS – Web based Trading System
ATS – ActiveX based Trading System One window including market data, orders and executions, and account information. All windows are implemented by MAP, which facilitates modification, and only setting up light engine is required. Customer-oriented service with easy trading and integrated data
ATS(ActiveX Trading System) is the state-of-the-art trading system which maximizes the efficiency of trading. It is implemented by ActiveX Development Engine, based on HTS engine and MAP technology, and provides One-Stop Window, in which traders can sell all trading-relevant data, including market data, accounts, orders, and executions.
ATS All kinds of data, including market data, news, and execution, automatically updated on HTML Page. Real-Time Light One-Stop Integration
Features and Benefits
Speedy implementation through Component reusing.
One-stop Window including all kinds of data.
Maximal efficiency owing to intelligent connectivity among unit pages
Secure and Stable.
Almost all functions of HTS implemented(about 95%)
Several Page, One Transport.
Consisting of CAB, no independent set-up process required.
Maximal maintenance with unit page version controlling.
ATS – ActiveX based Trading System
HiperT – Server Solution Business Applications Mobile PDA Messenger Web(W3) Operator Client Interfaces Intranet
DBMS legacy Process Legacy Systems Data Connectivity Shared Memory Tmax HiperM TIBCO XML Queue TCP/IP Internet / Firewall Customer Service APs Stock Order APs Market Data (Quote) APs Single Logon APs HiperT Manager T4, … T3 T2 T1
Designed to serve for multiple channels (HTS,ARS,WTS,Mobile…). No need of extra server framework for other channels. Reduce system I/O traffic by allowing direct access to shared memory & using data indexing technology. Loosely coupled modules allow flexible system structure Provides easy system operation & management with various features. StockONE promises better stability and high performance Multi Channel Support High Performance Flexible Architecture Efficient Management StockOne – Server Solution