Broker/dealers use afs:TRADE to capture trades and inventory positions in real-time. A typical system includes the following key features:

Basic information about transactors, internal trading accounts, counter-parties, and CUSIPs.

 

Real-time inventory control. Positions can be searched and sorted by a wide variety of characteristics. In addition, you can set up your customers' purchasing and compliance profiles, then use a single-field data entry procedure to see what you own that they are qualified to buy!

 

One-touch ticket creation. Once a customer is ready to buy, just pick the position, click Buy or Sell, and fill in the quantity and customer name. The afs:TRADE system does all the rest of the work for you! (Of course, if you need to override other fields, that option is available.) Depending on how you delegate authority in your firm, salesmen and/or traders may participate in this process. If your business is more complex, with multiple lots and sub-accounts, afs:TRADE can handle that, too. 

 

Real-time ticket blotters. Tickets begin in the front office, but they don't stay there. Many people throughout your firm are probably responsible for various phases of the order process. Fortunately, the afs:TRADE system can cover all of them. A sophisticated event monitoring system keeps everyone in the know when an order has reached a stage that requires their participation. In addition, all personnel can look up old orders by date, trading account, counter-party, and/or CUSIP number. No more hunting through the file cabinets! 

 

Back office reporting. We haven't forgotten about your accountants. If your firm is self-clearing, the afs:TRADE system can keep track of clearances and fails, using them to report your box position. All positions and cash balances are maintained on both trade date and settlement date basis, so you always know exactly where you stand.

 

Interfaces, interfaces, interfaces.  Nobody wants to reenter information, so the afs:TRADE system provides all kinds of straight-through processing options. On the input side, it can grab basic CUSIP descriptions on demand from the renowned KIS database. Once the trade is written, it can send the details to systems like NSCC, DTC, and and MSRB. Our programmers can even write a custom interface to your existing back office system to ensure a smooth flow of information about new customers, CUSIPs, tickets, and positions. We'll even import your existing records to get you up and running quickly.