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Technology for Primus Securities

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Technology for Primus Securities

Summary

The use of technology will be very important in the projected growth of Primus Securities. With a multitude of technologies available, choosing the correct ones that maximize capability with future expansion will be a priority. Primus Securities, much like its industry brethren, E-trade Securities and Charles Schwab, is attempting to provide successful online investing via their website. Using technology, Primus has at their disposal many online products, tools, and services to choose from that would provide a unique and satisfying online investment experience for its customers. Primus wishes to expand their site to include more frequent and faster investment opportunity for customers.

An incremental implementation of technological infrastructure will allow for future expansion and will provide savings throughout future operation. In addition, this technology will provide customers a more secure and satisfying shopping experience and will increase their confidence level. It will be necessary to incur a large expense on infrastructure installation at the beginning of the development. This infrastructure investment along with a subsequent investment in human resources to staff it will make future expansion cheaper and easier to accomplish.

Finally, outsourcing key aspects of the operation will achieve maximum cost savings.

Infrastructure

The purpose of a well-designed infrastructure is to ensure that an e-business is able to run effectively while safely being scaled within a budget. For a company like Primus Securities, a cost effective infrastructure will be implemented remaining functional and adequate for their purposes. The important aspect of a new e-business is to add technology without disturbing business operations and aligning information systems with the organizational strategy. In this paper, Team B will examine a viable infrastructure for a new e-business venture undertaken by Primus Securities.

Hardware Decision

The company needs to invest in equipment such as servers, workstations laptops, PDAs and cell phones to keep up with the competitive edge of technology. The online trading industry is a fast-paced business, where customer information must be readily available to all key employees. Primus Securities main objective is to operate efficiently and effectively.

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... all content is created and managed as separate assets. These are then published to the run-time rendering system. The CM implementation includes DB2 storage, Library Server, and Asset Manager. The Schwab application uses CM versioning, workflow, ACL and its API. (Marshak, 2003)

Conclusion

References

Chan, Isabelle. Dec 2004. The Other Side of Outsourcing. Retrieved August 26, 2005 from http://asia.cnet.com/news/specialreports/0,39037117,39209632,00.htm

Charles Schwab web site (http://www.schwab.com) Retrieved August 27, 2005

http://searchnetworking.techtarget.com/sDefinition/0,,sid7_gci212495,00.html Retrieved August 25, 2005

Marshak, D. (2003, December). Charles Schwab Responds to Market Conditions and Customer Needs: Services-Oriented Architecture Improves Time to Market and Leverages Existing Investments. Retrieved August 26, 2005, from

http://www.306.ibm.com/software/htp/cics/library/whitepapers/Charles_Schwab.pdf#search='schwab%20online%20infrastructure'

Trava Soft, (2003). Services-e-business. Retrieved August 26, 2005, from Information Technology Outsourcing Web site: http://www.tatvasoft.com/offshore-outsourcing-services/offshore-outsourcing-eBusiness.asp
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