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Mr.Suheim Sheikh

 A Stunning Stock Market Software From Cyberabad

Hyderabad: A Stock Market surveillance system made by Hyderabad firm is being lapped up by foreign bourses AWACS or Advanced warning and Control System, a software product designed to keep track of unfair trading practices, is probably the best thing to have happened to the Bombay Stock Exchange.

Developed by Suheim Sheikh and his team at the Hyderabad-based SDG Software Technologies of which he is the Managing director, it allows for real-time risk management of multiple transactions taking place in different Exchanges.

Besides calculating Stock market parameters like gross exposure, net exposure, concentration, and volatility in Real time, AWACS also has a host of built-in visualization tools that enable surveillance officers to follow market trends and understand the dynamics of the bourses.

AWACS can transact around 1000 operations a second and detect any circular trading and price manipulation. "It can even be modified to detect early symptoms of insider-trading", says Suheim. The software has several on-line and off-line 'alerts' to assist exchanges to monitor the market effectively.

SDG Software Technologies specializes in stock market-related software products. Suheim's first product,Workhorse, which helps stockbrokers in their back-end operations, was a runaway hit.

AWACS is becoming popular at the overseas exchanges too. The American exchange, NASDAQ, and several European bourses have picked it up.

With a small staff of 30, Suheim, a sailing enthusiast and an aeronautical engineer from IIT Madras, is busy thinking of updating AWACS as bourses throw up new ideas.

Maju Kuriakose
Reachout's News Bureau

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