The Helios GIST Intelligence system in the stock
11. 1. 2012
The Prague Stock Exchange, the biggest organiser of the securities market in the Czech Republic, introduced in collaboration with GIST the Helios GIST Intelligence integrated module that covers the field of Economics, Sales and Consolidation.
The main benefits of the project are:
- ensuring the processing of information from multiple companies into a consolidated results
- check the accuracy of accounting to facilitate cross-links in the group
- support the financial reporting in accounting and alternative currencies (statements for the parent company - the Vienna Stock Exchange)
- support the reallocation of overhead costs in relation to assessment revenue generating departments
- planning, modeling and reporting as required by Exchange
- sales analysis in terms of offered products (equities, bonds) and customers (traders on the stock exchange)
- the use of OLAP tools for detailed data analysis
About The Prague Stock Exchange
Efforts to create a stock exchange date back to the reign of the Empress Maria Theresa, but success was not achieved until 1871. Initially, both securities and commodities were traded at the Prague exchange. The Prague exchange enjoyed great success in the sugar trade, becoming a key market for the whole Austro-Hungarian Empire. After World War I, however, this type of transaction declined, so thereafter only securities were traded.
For the Prague exchange, the interwar period became the era of its greatest boom. The Prague exchange even surpassed the Vienna exchange in importance. This period of prosperity was, however, interrupted by the arrival of World War II, bringing an end to trading at the Prague exchange for more than 60 years. Not until after the fall of Communism was it possible to follow up on the exchange’s heritage of success and prosperity. With the first trades made on the floor of the renewed exchange on 6 April 1993, the Prague Stock Exchange began to write its modern history.
The Prague Stock Exchange is the biggest organiser of the securities market in the Czech Republic. By law it is a joint stock company. It is based on the membership principle, meaning that only licensed securities dealers who are members of the Exchange have access to the Exchange’s system and are entitled to make trades.
The Prague Stock Exchange has gained a respected position and stable market. The Exchange was affiliated as the Associate member of the Federation of the European Securities Exchanges (FESE) and it became the full member of FESE in connection with accession of the Czech Republic into the European Union.
In May 2004 the U.S. Securities and Exchange Commission (the U.S. SEC) officially granted the status of a "designated offshore securities market" to the Prague Stock Exchange and included it into the list of offshore exchanges reliable for investors.
Visit www.pse.cz for more about the company.