What were the main functions of TAPS?
TAPS was primarily used for trade capture, order management, position keeping, and clearing and settlement processing. It facilitated real-time updates of trading positions and supported various financial instruments.
How did users interact with TAPS?
Users interacted with TAPS through a character-based interface using specific transaction codes and screen layouts. Data entry and retrieval were performed via these interfaces.
What types of financial instruments did TAPS support?
TAPS supported a range of financial instruments, including equities, fixed income securities, and derivatives. It managed the lifecycle of these instruments from trade execution to settlement.