Sectech BrokerX
Comprehensive broker back office functionality.
BrokerX Introduction
BrokerX has been designed to completely automate the operations of brokerage firms. The comprehensive order management and trade execution functions support complex instrument types and are complemented with integrated market data and a customisable workflow. BrokerX can be interfaced with custodians, fund managers and other 3rd party systems for complete straight through processing. BrokerX is a dynamic IT solution with unmatched flexibility to grow, adapt and evolve.
Order Management
ORDER CAPTURE
Input and capture order details via electronic interfaces or manually
AUTOMATIC TRADE ALLOCATIONS
Automates trade allocations subject to configurable portfolio compliance requirements and allocation methodologies
ROUTING CAPABILITY
The ability to send the order to a trading venue, a broker or another desk in the firm.
CLIENT REPORTING
Reporting on order execution and trades in near real-time to the client, including where and when trades were made.
BACK OFFICE INTERFACE
Back office integration in order to settle trades for successful orders.
INTEGRATED COMPLIANCE
Integrates natively with compliance engine to offer real time compliance at the order level.
Client Reporting
COMPREHENSIVE OUT-OF THE BOX REPORTS
Generate more than 45 different reports to obtain a holistic perspective on the overall management of the agency and the pension fund in general.
EASY EXPORT TO OTHER FORMATS
For ad hoc reporting capabilities, retrieve custom data sets and export them instantly to Microsoft Excel or csv.
AUTOMATED REPORT SCHEDULER
A flexible rule based system of client notifications ensures timely reporting for different events on the system.
MULTIPLE MODES AND FORMATS
Multiple modes of reporting including SWIFT, encrypted email, SMS and proprietary file formats.
CUSTOMIZABLE REPORT PACKAGES
All client reports can be scheduled for automated generation and transmission on a client by client basis or even at safekeeping account level. Reports can be sent to multiple destinations.
Prices and Valuation
COMPREHENSIVE VALUATION ENGINE
The product supports a comprehensive valuation engine. It allows you to set up different valuation methods depending on your client’s requirements. It supports all the industry standard valuation formulae out of the box and can be configured to include any other market specific valuation method if it is required.
MULTIPLE DATA SOURCES
There is support to collect price related data from multiple price sources. Some of the standard sources supported out of the box are:
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Pricing Vendors (e.g. Bloomberg, Reuters, etc. )
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Excel, web api or csv feeds from exchanges or other sources.
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Price extraction from SWIFT MT535 messages.
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Price calculation based on configured formulae.
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Manual input of prices.
DASHBOARD
A blotter interface helps you to visualize your pricing and valuation data in a single view. A configurable exception handling mechanism helps you to identify variations in the pricing and valuations which increase your efficiency to correct errors.
Fees
FLEXIBLE FEE SCHEDULES
Highly customisable fee schedules make it possible to setup almost any combination of rules of calculation of settlement and safekeeping fees. Features include sliding/tiered scales, minimum fee, charging by asset type and location.
FEE SCHEDULE ASSIGNMENT
Fee schedules can be assigned to a single safekeeping account, to a group of accounts or to a relationship.
USER DEFINED SERVICES
User defined services allows setting up of one off fee (out of pocket expenses) or extraordinary services. Such services can be a flat fee, periodic, or based on service utilisation.
DETAILED CLIENT INVOICES
Client invoices contain details of all service utilisation along with the fee schedule applied, allowing for reconciliation of the computed amounts.
DIRECT DEBIT
Provision for direct debit or for receiving bill payments into a nostro account. Payments are tracked and outstandings are updated.
MULTIPLE BILLING PERIODS AND CURRENCIES
The system allows bill generation for different frequencies based on client. The billing currency can also be selected at client or safekeeping account level.
Compliance
REAL-TIME REPORTING
Reports real-time capacities across each fund for every asset and rule, pre- and post- trade
AUTOMATIC BREACH NOTIFICATIONS
Validates real-time compliance results instantaneously across all funds and provides automatic breach notifications
CONFIGURABLE RULE ENGINE
Utilises rules engine that can handle any rule type, regardless of complexity
POWERFUL AUDITING
Provides fully audited results with compliance breach and cure management workflows
COMPREHENSIVE REPORTING
Offers automated and customizable summary and detail reports and dashboards
Risk Management
STANDALONE PRICING SYSTEM
Cut down on counterparty risk with built-in Residual Spread Analysis, enabling you to independently verify the prices obtained from brokers, dealers and banks.
COMPREHENSIVE RISK MEASURES
Get a comprehensive view of your risk. VaR, Key Rate Duration, Delta and Gamma are just a few of the wide range of calculations at your disposal.
PRICE BEHAVIOR ANALYSIS
This advanced approach to risk management keeps you steps ahead of the game. Our Price Behavior Curves (PBCs) projects fair values relative to changes in economic variables such as interest rates, inflation rates, equity indices, default rates and more.
Reports & Analytics
COMPLETE AUTOMATION
All client reports can be scheduled for automated generation and transmission on a client by client basis or even at safekeeping account level. Reports can be sent to multiple destinations.
MULTIPLE TRANSMISSION MODES
Send clients cash statements and advice of debit or credit by SWIFT, email, fax or proprietary mode of transmission. Detailed narrations used on cash statements.
HOLISTIC PERSPECTIVE
Provide customers with a holistic perspective of day-to-day performance, valuation and forecasted future cash flows.
INTUITIVE CONTENT
From configurable automatic generation to specific on-demand needs, our Reports module enables you to deliver impressive targeted quality in terms of content and visual presentation.
CRM and Sales Management
LEAD, CONTACT, ACCOUNT AND DEAL MANAGEMENT
Simplify the basics of your sales management and organize information easily.
SALES PIPELINE MANAGEMENT
The visual sales pipeline forecasts your revenue by deal stage where you can filter and sort deals, customize deal views, drag-and-drop deals across the pipeline, call and email customers.
EMAIL AND PHONE
Complete email and phone integration within the application and comprehensive logging so you never lose details.
LEAD, CONTACT, ACCOUNT AND DEAL MANAGEMENT
Simplify the basics of your sales management and organize information easily.
SALES PIPELINE MANAGEMENT
The visual sales pipeline forecasts your revenue by deal stage where you can filter and sort deals, customize deal views, drag-and-drop deals across the pipeline, call and email customers.
EMAIL AND PHONE
Complete email and phone integration within the application and comprehensive logging so you never lose details.
Treasury
AUTOMATE
Automates cash management processes across multiple business entities
SCHEDULED MOVEMENT
Allows definition of schedules for internal and external movements of funds
IN-BUILT COMPLIANCE
Complies with local and global financial standards and regulations
FORECASTING
Includes forecasting capabilities to identify liquidity trends
DASHBOARDS AND REPORTS
Detailed dashboards and reports on cash positions and liquidity
RISK MANAGEMENT
Manage different types of risks such as currency and interest rate fluctuations
HOLISTIC VIEW
Provides a holistic view of risks and opportunities related to cash management
Accounting
GENERAL LEDGER ACCOUNTING
The system delivers general ledger accounting for sophisticated account types and structures for mutual, institutional and pension funds. It features a fully configurable chart of accounts.
MULTIPLE TRANSACTION TYPES
Support for multiple transaction types - subscriptions, redemptions, contributions, withdrawals, dividends and corporate actions.
FEE ACCRUAL PROCESSING
Daily accrual of fees including management, administration and incentive fee.
VALUATION AND NAV
NAV production - daily, weekly or monthly. Multiple valuation types supported.
FINANCIAL REPORTING
Standard accounting reports with on-demand access to ledgers and journals, valuation reports and general ledger reports that include NAV and the Trial Balance.
Regulatory Reports
MONITOR COMPLIANCE
Monitor Fund Administrator compliance with regulator approvals and report exceptions.
DETAILED REPORTING
Generation of reports for the regulator across the full range of processing activities.
SWIFT & FIX Compliant Interfaces
MULTI-NETWORK COMPLIANT
Multi-network compliance architecture, incorporating SWIFT, FIX, and other networks
INTUITIVE DASHBOARD
Intuitive dashboard interface for total transparency and control to mitigate operational risks
FLEXIBLE
Filtering of individual messages as well as file of bulked transactions
Dashboard Interface
SIMPLE YET POWERFUL VISUALS
Visual presentation of performance measures
MEASURE EFFICIENCIES/INEFFICIENCIES
Instantly identify and resolve issues
MULTIPLE OPERATIONAL AREAS
Gain total visibility of all operations instantly and save time compared to running multiple reports
EXCEPTIONS HIGHLIGHTING
Quick identification of data outliers and correlations leading to better management of operations.
KYC & AML
KYC/ KYB
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KYC identity and verification checks for individuals
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KYB corporate registry and beneficial ownership checks
AML
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AML proactive monitoring and alerts or rescreening
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AML transaction screening (sender, beneficiary, bank, reference text)
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Transaction monitoring for suspicious behaviour (real-time/retrospective)
FATCA & CRS ONBOARDING
Ensure that your new customer on-boarding processes are compliant with FATCA and CRS.
PROSPECTS & INVESTORS PROFILING SECTIONS
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Extensive Information including Corporate Information
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Client Relationships (E.g. Business, Family, etc.)
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Contacts and Preferences
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Investment Goals & Objectives
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Investment Restrictions, Rules and Constraints
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Suitability of the funds - MIFID
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Investment Preferences, fees and Marketing
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Customizable Sections
AGED ANALYSIS REPORTING – 30/60/90 DAY RULE
This report displays accounts with their aged balances . This enables you to follow up on overdue accounts as well proactively target accounts where the information needs renewal.
Integration
MULTIPLE OFF THE SHELF INTERFACES
Interfaces with popular core banking systems like Finacle, Flexcube, T24 are available right away.
REAL-TIME OR SCHEDULED
Integration in real time or via scheduled export
OPEN ARCHITECTURE
Automated exchange of data via API
RANGE OF INTERFACES
The system is designed to interface with all types of market participants such as brokers, asset/fund managers, custodians, registrars, transfer agents and depositories.
Reconciliation
DEPOSITORY INTERFACE AND RECONCILIATION
Automated positions reconciliation with local and international depositories as well as other entities through a variety of interface options.
CASH RECONCILIATION WITH CORE BANKING SYSTEM
Automated transactions and balance reconciliation with core banking systems to ensure that mirror accounts are in sync with core banking accounts.
Self-service Digital Portal
EASY TO USE
Provide standard and wizard-based portals for customers and partners to quickly and accurately initiate and maintain self-service transactions and communication; use a common look and feel through any preeminent web browser.
INFORMATIVE DASHBOARDS
Our web client platform provide investors with a 360° overview of their portfolio valuation, performance, future cash flows and personal reports.
REAL TIME
Real-time access to reports and investment information
