For the Stock broking industry, where key business processes are now fully automated, online and 24x7 in nature, the right information must be in the business stakeholders' hands at the right time.

With a long list of clients and large number of transactions per minute, a major challenge to the stock brokers and asset managers is to inform his clients about their transactions in real-time. If the trading information is communicated even a few minutes late then it might not serve any purpose.

With TechShastra's mTradeNotify, stock brokers can now communicate with its clients in real-time through an automated process and focus on trading rather than wasting valuable time in manually informing the clients about their transaction details.

mTradeNotify is a SMS based real-time notification solution customised especially for NSE brokers. It reads information for F&O (Derivatives) from the trade files generated on the NSE broker's Admin Terminal. It then deciphers this information and generates client-wise messages depending on pre-set triggers.

Features:

• Automated notification of each an every transaction to the client via SMS.
• The SMS gets pushed as soon the as the transaction details get updated in the admin terminal.
• Multiple notifications can be sent at the same time depending on the transactions.
• Accuracy is maintained as the transaction detail is picked up directly from the admin terminal of the broker.
• Notification via SMS ensures reception of transaction details anytime and anywhere.

Key Benefits:

• With automated transaction notification, the broker can focus better on his core competencies.
• The information is pushed real-time drastically reducing the time required to make critical trading decisions.
• Right information at the right time empowers the client to trade better and fasterr.
• Client can receive the transaction details anywhere, anytime as soon as it is completed.
• Effective and efficient communication with clients enables the broker to provide better service value.

How it Works:

• In the Admin Terminal of any NSE stock broker a TRADE FILE in PRE-DEFINED TEXT file format is created on a daily basis that is updated dynamically.
• This Text File has a fixed naming convention and resides in a particular fixed folder of the admin terminal.
• The SMS Application reads the Admin file with a pre-determined duration of time, which gets updated constantly.
• The Text file contains client identification and his transaction details.
• There is another database that stores the identification and contact details of the client.
• The SMS application picks the id and transaction details from the text file and the contact details of the clients from the database and Sends the SMS through TechShastra's SMS Gateway server.
• Completing the cycle the mobile user will receive the SMS about his transaction details.

Case Study:

With TechShastra’s mTradeNotify, brokers can now communicate the transaction related information to its clients in real-time through SMS.
mTradeNotify has been customised especially for NSE brokers dealing in F&O markets.

ABC Securities Limited needed a solution to inform their clients about the daily transactions at NSE on real-time basis. The mTradeNotify was the perfect solution for such a need. The most important feature of mTradeNotify is that it pushes the SMS to the clients as soon as the transaction has taken place, thus giving them the necessary information and time to react to market fluctuations.It reads information for F&O (Derivatives) from the trade files generated on the NSE broker's Admin Terminal. It then deciphers this information and generates client-wise messages depending on pre-set triggers.

Elaborating on this further in the Admin Terminal of ABC Securities a trade file in text format was created on a daily basis. The trade file contained the client's id and his transaction details. The SMS Application read the trade file with a pre-determined duration of time. There was another database that stored the same client id along with contact details of the client. The SMS application picked the id and transaction details from the text file and the contact details of the clients from the database and sent a SMS through TechShastra's SMS Gateway server. Completing the cycle the mobile user received the SMS about his transaction details.

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