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| Topic: |
Technology
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| Number of pages / Number of words: |
8 / 2066 |
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Reports were created and delivered to member firms and also to the floors of the two exchanges. This method required much physical movement of data (magnetic tapes and reports) both into SIAC and back to the firms. A great deal of coordination was required to harmonize the different firms' inputs and outputs during each nights processes...
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Also, computer systems were developed that operated in a real-time environment allowing the firms' back offices real-time access to the market information.
The communication between the different firms and SIAC used point-to-point circuitry with a variety of different access protocols. There was no single communication protocol in place, so SIAC was connected to the various firms using the preferred method of the individual firm (TCP/IP and SNA are examples of two communication protocols)...
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General points of the essay
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Reports checkpoint
Straigth Through Processing
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