The system will initially have to cater to an estimated 10,000 concurrent users and have the capacity to scale up to cater to an exponential growth in this number.

It appointed an evaluation committee comprising senior members of the Exchange, senior faculty members of ICT faculty of the University of Moratuwa and heads of CSE’s IT and Marketing Departments. Given the mission critical nature of the proposed software system, key among the evaluation criteria was the quality of design and engineering standards.

The next important criterion was a demonstration of an in-depth understanding of the workings of a Stock Exchange from every angle from technological to customer to broker, market scenarios and market development.

Affno’s selection also marks an important milestone in Sri Lanka’s software industry. The entire product will be designed, developed, tested and maintained by Affno making it a 100% Sri Lankan product.