Doha Securities Market deploys investor portal with TIBCO
Portal to provide range of transaction and information services to DSM investors
Doha Securities Market (DSM) has deployed a portal based on TIBCO software, to provide an online transaction site for customers.
The portal will provide straight-through processing and informational services to investors, with integration to a number of DSM applications.
The service oriented architecture (SOA) of the TIBCO software will allow the DSM to quickly develop new applications and integrate them with other applications. The Market intends to roll out a range of online services, to cater for business-to-business, business-to-customer, business-to-employee and business-to-government activities.
Mohsin Mujtaba, consultant, Markets Integration and Technology at DSM commented: "Effective use of advanced IT infrastructure has long been a key component of DSM's IT strategy, and the implementation of an Enterprise Portal supported by TIBCO's SOA infrastructure is a logical progression.
"We are in a unique position in the regional securities market, and TIBCO's technology allows us to provide high-quality exchange services and manage high volumes. The use of web services through the portal allowed us to handle ten times more transactions in the clearing settlement and depository system during a recent GCC-wide listing. We are providing a real-time streaming stock quote service to our end-users through the web, with unrivalled speed and delivery in the region," he added.
The initial portal deployment provides a personalised online market place for investors, with virtual transaction and settlements services, live stock quotes, market trends and analytics.
"Any factor that favourably differentiates one company from another is vital to promoting customer loyalty and long-term success," said Fabio Pulidori, senior vice president for EMEA at TIBCO. "TIBCO worked closely with DSM to help support its rapid growth and change with SOA. The result was increased business performance and agility from the automation of business processes, simplified access to information, and the ability to more quickly implement and change applications."