The first module of the Exchange trading system (MMTS I) is the platform which has been used on the cash market for trading in equities and debt securities since November 1998. Since it came into operation in October 2000, the MMTS II module serves trading on the derivatives market of the Exchange. As of November 2005, commodity trading has also joined this system.

With an adequate technical background, one can connect to the MMTS electronic remote trading system from any point in the world.

With respect to customisation support (such as algorithms for matching the orders, trading hours), the trading system complies with international practice and rules of the stock markets. MMTS also supports order-driven and market maker trading.

MMTS computes and publishes real-time indices (BUX and BUMIX) from the trade data of equties traded in the system.

The auction module of MMTS I is suitable for initial issues, secondary offering and repurchase of securities.

The system provides full service for Exchange market surveillance and market monitoring activities.

The trading system operates on a central Hewlett Packard hardware platform, the clients are PC-based, with MS Windows XP operating system. In terms of hardware, the system is scalable: if the number of users increases, the system’s capacity can be increased by the inclusion of new hardware components.

One of the most important characteristics of the system is fault tolerance, because for each of the software and hardware components, there are at least two in operation. In the case of failure of any components, the system switches automatically to those operating correctly.

Short history of MMTS