Question

Project to identify opportunities for IS (information system) at NSE (national stock exchange)

For example How information system has helped British American Tobacco Kenya Ltd…please write about 200 words.

Project to identify opportunities for IS (information system) at NSE (national stock exchange)

For example How information system has helped British American Tobacco Kenya Ltd…please write about 200 words.

Answer 1

The best 5 buy and sell orders are displayed on the trading system and the total number of securities available for buying and selling is also displayed. This helps the investor to know the depth of the market. Further, corporate announcements, results, corporate actions etc are also available on the trading system

NSE was set up with the objectives of:

• Establishing a nationwide trading facility for all types of securities;
• Ensuring equal access to investors all over the country through an appropriatec ommunication network:
• Providing a fair, efficient and transparent securities market usingt rading systeme lectronic
• Enabling shorter settlement cycles and book entry settlements; and Meeting international benchmarks and standards.
• NSE has been able to take the stock market to the doorsteps of the investors.

The technology has been harnessed to deliver the services to the investors across the country at the cheapest possible cost. It provides a nation-wide, screen-based, automated trading system, with a high degree of transparency and equal access to investors irrespective of geographical location. The high level of information dissemination through on-line system has helped in integrating retail investors on a nation-wide basis. The standards set by the exchange in terms of market practices, products, technology and service standards have become industry benchmarks and are being replicated by other market participants.

• The formation of the software management methodology required to develop a complex information system, supported by a group of development tools and relevant information-communications implementation technologies that takes into account the specific conditions which are somewhat limited in comparison to those of the developed world. It is a new, practical methodology for development of complex information systems that takes into account that at the start of the development process not all of the user requirements and nonfunctional limitations are known, or in other words allows the supplementation or alteration of those requirements or limitations that appear during the development process.

• The building of an effective, efficient, robust and reliable stock exchange information system in developed parts of the world. This system enables the
trading with different market materials, different stock exchange trading methods, trading from the brokers’ location and distributing information about trade immediately after a trading event occurs and that gives the system a high degree of transparency.
• Keeping in mind that every trading system is based on the working rules of the stock exchange to which it belongs, and keeping in view that these rules
establish equality, transparency and regularity of the market, one of its main contributions is that it has caught the attention of many foreign and
domestic investors and has, as a result, meant that more money is being invested in our country. This has in turn resulted in the development of share holding, provided a wide spectrum of opportunities for investing and
has resulted in the creation of surroundings that many big world players
have gotten used to.
• As far as security and protection of information is concerned the system satisfies world standards. The fact that during the past three years there has
not once been a ‘break in’ into the system or a ‘leakage’ of information shows that system is technologically well protected.
• During the realization of the system cooperation with many different organizations belonging to the European Union was established. This primarily refers to the Luxemburg Stock Exchange that had greatly helped
in the realization of remote access trading, the European stock exchange
society, etc.
• The system is very reliable, so that for now there has been no stoppage of trade nor have any errors occurred as a result of technical problems.

Wipro Technologies, the global IT services business of Wipro Limited (NYSE:WIT) today announced that it has entered into a multi-year outsourcing engagement with British American Tobacco, to help the company improve the effectiveness and efficiency of application support services for its global business operations.

Under the agreement, both companies will partner to leverage Wipro’s global scale and transformational capabilities to achieve step change results in productivity, IT costs and service quality. More specifically, the agreement will provide an enterprise-wide global application support delivery model and capability, reduce the total cost of ownership and allow more opportunities for value added services to business users of British American Tobacco.

Wipro will be delivering this global program across over 130 countries in which British American Tobacco operates.

Wipro will bring in standardized processes, methodologies and governance to set British American Tobacco on a strategic cost optimization path while ensuring a high level of service to the business and will participate in bringing in clear business benefits.”