StarPort OTC Features
CapitalStar Systems offers an OTC brokerage platform designed specifically to serve the needs of the
wholesale interbank and institutional broker. From leveraging the uniqueness of voice-based brokering to encompassing
hybrid and full electronic models, the StarPort OTC platform streamlines the broker's workflow and addresses ever-evolving
financial markets requirements.
The StarPort OTC platform provides a comprehensive OTC brokerage system that is
configurable for your products and transaction styles, and scalable for your desk size.
Market Pages
»
Internal and external "white boards"
with customizable transparency settings by role.
»
Create and share watch lists.
»
Display firm and indicative orders,
indications of interest, and RFQ indicators.
»
Maintain order stack and depth.
»
Click-trade firm orders, price IOI and
indicative orders, and reinitiate RFQs.
»
Filter and sort orders.
Order Entry
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Enter orders by product type using
dedicated list-driven tabbed pages.
»
Enter orders for standard OTC
instrument types including forwards, swaps, options and spreads.
»
Implement customizable multi-leg
strategies including straddles, strangles, butterflies, put and call spreads.
»
Create option orders with multiple
hedges using standard parameters (delta, underlying instrument, term, expiry and price).
Order Book
»
Displays all orders for the current
trading session.
»
Modify orders individually; delete
and park orders individually or in bulk.
»
Features discrete tabbed pages for
instruments, terms and trading limits.
»
Filter and sort orders.
Request For Quote (RFQ/RFSQ/RFQplus)
»
Enable structured RFQ
sessions, streaming RFQ sessions, or advanced RFQ sessions featuring matching algorithms that
encourage market participation by role.
»
Create RFQs for all instruments,
including options with hedges.
»
Select RFQ recipients filtered by all
or only those online.
RFQ/RFSQ Book
»
Displays all RFQs and RFSQs for the
current trading session.
»
Market makers review, respond to and
track requests.
»
Create new requests based on existing
ones.
»
Post new orders based on existing
requests.
Integrated Instant Messenger
»
Communicate instantly with traders,
brokers, other desks, offices and markets, as well as your back office.
»
Drag orders, trades, confirmations
and trade details from other windows for rapid and detail-accurate interaction.
»
Post orders and hit/lift trades from
instant messenger using shorthand keystrokes.
»
Aggregate existing client instant
messenger accounts (e.g. Yahoo, MSN, AOL) for broad compatibility.
»
Create IM groups, host chat rooms
and blast messages.
Command Line
»
Quickly post orders and markets to
market pages using command line syntax.
»
Hit/Lift firm orders and price
indicative and IOI orders.
»
Accelerate command entry through
syntax recognition.
»
Drag and drop orders from market
pages, order book and trade book.
»
Access quick list of recent commands.
Trade Center
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Trade blotter displays all trades for
the current trading session.
»
Includes trade ticket that captures
multi-leg and hedged trades as well as buyer and seller details and brokerage.
»
Monitor broker approval, modifications
and transaction rejections through intuitive status indicators.
»
Review, approve and confirm trade
details.
»
Submit trades to clearing centers and
monitor clearing status.
Customer Trade Management Portal
»
Secure, browser-based web portal branded
to your company's identity and featuring customer-specific logins.
»
Provides your customers with access to
their trade data and reduces your support resources.
»
Customer trade approval/dispute tool with
status instantly updated on broker screens.
»
Customer trade blotter for current and
historical trades, complete with full search, sort, filter and export capabilities.
Credit Matrix
»
Manage bilateral credit relationships
and monitor exposure on an asset, product or instrument-by-instrument basis.
»
Organizations cannot trade with one
another bilaterally until a credit relationship has been established and approved by credit managers
for both organizations.
Reports
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Generate revenue (gross and net), volume,
transaction and discount reports by broker, desk, market/product/instrument, customer company, and trader.
»
Conduct pre- and post-trade reports.
»
Run clearing exchange rebate reports and budget
reports.
»
Accept trade repository feeds.
Invoices
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Generate branded invoices in PDF and deliver in
email, fax or print according to each customer's preferences.
»
Review monthly receivables journal and aged debt.
»
Export trade data in CSV format and use accounting
gateway to transfer system data to general ledger and other external systems.
Deployment Solutions
The Hosted StarPort OTC solution is ideal for brokers seeking immediate entry in their markets without the cost and
overhead of IT systems and management. Best suited for independent and early-phase outfits, all technology is hosted and
maintainted by CapitalStar Systems.
StarPort OTC Enterprise places all platform technology on your servers. Best suited for medium and larger offices,
StarPort OTC Enterprise capitalizes on the infrastructure and technology resources you already have in place to achieve
economies of scale.
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