Technology
New SENTRA Capitales terminal
This project will change the current architecture, which functions in a client-server environment, to a design that allows for centralized processing using new tools for message distribution and increased trading capacity. Morning tests began on the new version of BMV-SENTRA Capitales in October, and concluded in November. Because equity market traders had some observations on the system, its release was slated for the first quarter of 2008.
Data Center Move
Bids were gathered and a new company selected to replace the computer center located on Paseo de la Reforma in Mexico City; in April and May those facilities were moved.
Improvements in SITI functionality
In an ongoing effort to simplify the administrative tasks brokerage firms must handle, AMIB had suggested a number of changes to SITI so that it could be used as a channel for responding to notices of requests for information from finance and legal authorities. Accordingly, the system was improved in order to respond to information requests with a more thorough automation of the reporting procedure. Our observations focused on the following issues:
- The notices sent did not correspond to the name of the image files, which were presented in descending order. In addition, the notice number was located at the bottom instead of the top of the file, making them more difficult to sort. Correcting these aspects would make it easier to sort and promptly respond to the notices.
- Requests for missing information: these may be made via e-mail or telephone; only if all the information is missing should a physical notice be sent.
- Have the system indicate the date and time the file was opened, and make this record log accessible to participants.
- Include the Anti-Money-Laundering Department in the SITI user group so that it does not need to keep sending its notices in paper form, which in some cases are even duplicated electronically.
- To facilitate lookup, the clients' name should be included in the lookup screen.
- Avoid sending notices addressed to a specific institution, to all the participants.
- Determine a mechanisms for counting response deadlines. We suggested using the same method as the Federal Procedural Code, in which the day the notice is received does not count, the next day it takes effect, and the term begins on the third day.
- There is still a problem with groundless or unjustified notices (for example: freezing of futures accounts), so it is crucial that the CNBV first define the notification procedure and its legal basis, instead of sending it without that analysis. This is precisely the intent of the legislators in asking specialized authorities to intervene in these matters; otherwise the CNBV would be acting as a mere distributor of notices.
CNBV officials agreed with most of these observations, and offered to study a way to resolve them and propose the required changes as soon as possible.
New Host to Host protocol
An application programming interface (API) was created to eliminate the current architecture for information exchange and messages using Tandem equipment, which functions through sockets. The new design allows access through the Internet in the event of an emergency, and together with other components that will be replaced, in the medium term, primarily the services of SETRIB. The release of the traditional SETRIB transmission and receipt system was completed on November 19, at which point testing began on the SETRIB Plus order routing system under the new message scheme using the socket-based application programming interface, which was released in the first week of December. >>
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