Tibco Software has announced the enterprise-wide deployment of its first composite application based on Tibco’s SOA software at Qatar-based Doha Securities Market.
This first application provides Doha Securities Market (DSM) investors a portal with a single, personalized access point to information and services for increased transparency.
The company claims that with its software, DSM is able to minimize risk and improve productivity by automating complex business processes and procedures to help ensure the execution of transactions with speed and accuracy.
The company claims that Tibco ActiveMatrix BusinessWorks, Tibco PortalBuilder and Tibco Enterprise Messaging software make it easier for DSM to realize the benefits of integrated applications and reusable services in a service-oriented environment.
Mohsin Mujtaba, consultant of markets integration and technology at DSM, said: We are in a unique position in the regional securities market, and Tibco’s technology allows us to provide high-quality exchange services and manage high volumes.
The use of web services through the portal allowed us to handle 10 times more transactions in the clearing settlement and depository system during a recent GCC wide listing.