TESA

Cambridge’s TESA (The Electronic Securities Architecture) is a field-tested, parameterized solution to automate stock exchanges quickly and reliably in a controlled manner, and it perfectly meets the needs of forward-looking stock exchanges. TESA ensures high levels of performance, availability and scalability. NASDAQ selected TESA as the platform for their global expansion efforts into Japan. TESA has been successfully implemented in premier stock exchanges in South-Asia. Cambridge provided development, enhancement and maintenance of the NASDAQ Europe Trading system.

Bringing together proven design concepts from NASDAQ Japan, Paris Stock Exchange, Hong Kong Stock Exchange, New Zealand Stock Exchange, and others, development of TESA started with highly skilled team of 30 in August 1995. From then, TESA has been tried and tested in various customer locations. This has made TESA more customizable for various customers.

Overview:

• Field-tested, parameterized solution to automate trading of financial instruments quickly and reliably.
• Represents the collaborative efforts of premium resources from the international securities consulting field and the real-time software solution area.
• Customizable product backed-up by business domain and technology expertise helps faster time-to-market
• TESA is a versatile product which can handle Quotes, Orders, Market Making, Trade Negotiation, Order Routing, Auctions, Trade Reporting, Risk Management, Index calculation, Market Data dissemination, Surveillance and Market Control.
• TESA supports a variety of market structures. Its matching capabilities are also diverse ranging from Auto-Matching, Auction trading, Negotiated Trade matching etc.
• Proven technology driven by implementation in leading exchanges.
• Trading on multiple markets through a single system. One-stop solution for global investment banks to deal in markets across the world
• Scalable architecture to meet the changing market needs
• FIX complaint open API allowing easy integration with existing components
• 24 x 7 support and maintenance
• Increases the speed and efficiency of trading
• Provides the framework for the rapid development of new markets and asset classes