Back Office Solution For Securities Brokers
Submitted by parthad on Sat, 2007-11-24 00:50.

We offer a Multi Enterprise, Multi Market & Multi Currency capable STP enabled complete Back Office solution for Securities Brokers.

Benefits

Efficiency

  • Real time general ledger posting
  • Real time update of Trial balance and position balance (Customer & Firm)
  • Real time Realized P&L calculation
  • EOD Unrealized P&L calculation & portfolio valuation (Mark to Market of Holdings)
  • EOD Bond accrual calculation and posting
  • Securities Lending, Borrowing & Repo Trades

Customizability

  • Forex Trades and Banking transactions
  • Corporate Actions capture, calculation & posting of benefits
  • Rule based Posting and Settlement Standing Instructions

Unified and centralized platform   

  • Multi Enterprise, Multi Market, Multi Exchange operation
  • Multi Asset-class, Multi Currency trade management

Easy Integration  

  • Loosely coupled message based interface
  • Industry standard message format 
  • Real time integration with exchange, external institutions   

Speeds up Deployment

  • Develop and deploy in months rather than years
  • Modular deployment

Lowers Implementation Cost

  • Configurable pre-built application framework
  • Horizontally scalable architecture     

Reduces risk

  • Proven, tested solution platform
  • Turn-key responsibilities
 
Features

Trade capture from external sources

  • Exchange connectivity
  • Front / Middle Office systems
  • File upload or manual entry through UI

Rule based trade enrichment

  • Commission & Tax/Fee calculation based on combination of attributes - Account, Instrument, Market, Trade etc.

Real time interface with external entities

  • Sending & receive information in real time to/from relevant entities for Allocation, Confirmation & Affirmation of trades 
  • Send and receive information in real time with RTTM facility hosted by clearing corporations for over-the-counter trades

EOD Netting

  • Configurable netting off parameters

Securities Lending, Borrowing & Repo Trades

  • Handle actions like Re-price, Re-rate, Substitution

Forex Trades

  • Handle Spot, Forward & Swaps

Banking transactions

  • Handle Term deposit, Notice deposit, Open ended deposit, Rollover & Loan

Rule based Settlement Standing Instruction

  • Identify settlement accounts of Customer & Firm from rules based on various parameters: Delivery type, Currency, Market, Instrument, Customer, Account, Settlement type

Real time communication with external entities for settlement

  • CSD, Registrars and Banks

Real time balance update and Realized P&L calculation

  • Update Security & Cash positions of Customers & Firm by Trade Date, Value Date & Settlement Date in real time 
  • Book and update balances Customer & Firms realized profit & loss in real time

EOD Unrealized P&L calculation & portfolio valuation (Mark to Market of Holdings)

 

EOD Bond accrual calculation and posting

  • Handle calculation of all kinds of Bonds including MBS

Rule based and real time GL posting

  • Configurable rule engine for automated General Ledger posting
  • Configurable process for real time update of ledger balance or by EOD batch

Corporate Actions capture, calculation & posting of benefits

  • Cash Dividend, Coupon Payment, MBS Pay Down, Redemption of Bonds, Stock Dividend, Stock Split, Stock Merger, Spin Off, Name Change, Bonus Issue, Warrant Expiry
Top