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AC008 THESEUS

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Terminal at High Speed for European Stock Exchange Users

Main Objective
The objective of the project is to develop a terminal that will be a key component of an open system able to meet the telecommunication needs of the future European Capital market (in accordance with the new directives recently issued by the European Community).

Technical Approach
The technical approach is founded on the following basic ideas:

The exploitation of these basic ideas leads to the design of the User-Network Interface and the Man-Machine Interface of a universal Stock Exchange terminal.
The scope of THESEUS is:

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Summary of Trial
Two sets of demonstrations will be carried out:

A group of potential customers will participate in the field trials to evaluate the THESEUS concept and to verify whether the THESEUS terminal meets the user requirements.

Key Issues
The analysis carried out during the project first period has revealed some important technical issues that need to be solved to permit a realistic implementation of an ATM network between brokers and Stock Exchanges.
Presently several vendors have developed all the necessary components to set up private ATM networks based on proprietary solutions.
For the public networks, the situation is not so advanced and THESEUS has as objective to connect a standalone terminal to a Stock Exchange mainframe through a public network. The fulfilment of this objective raises some problems, in particular:

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Achievements
To prove the feasibility of making complex transactional trading applications and systems migrate to ATM so as to take advantage of a standardised interface and be ready for the increase of bandwidth due to the increase of traffic and to take benefit of the addition of new services such as video-conferencing.

Expected Impact
The proposed terminal should be a tool to accelerate the implementation of the E.C. directives concerning the opening of the European Stock Exchange market.
The THESEUS project will harness ATM technologies for the benefit of the European financial services and securities industry with the ambition of improving the quality and competitiveness of the European financial industry against other global financial centres in the United States and Japan.

Contact:

					Jose Smagghe
L3S Conseil
Parc des Grillons, B√Ętiment 4
60, route de Sartrouville
78230 Le Pecq
France

Tel:    +33  1 30 15 68 03
Fax:    +33  1 34 80 03 11

E-mail:
					(email removed)
				

List of Domains and Chains
HS Networking Domain
Network Interworking Chains

List of participants

F
L3S Conseil
E
AURIGAE
B
Brussels Stock Exchange
F
Paris Stock Exchange
E
PENTA 3
I
Space Engineering
D
University of Aachen
E
University of Madrid
UK
University of Surrey

DCSIMG