The StarPort OTC Workflow
StarPort OTC is a comprehensive OTC brokerage system designed to streamline the broker's workflow
from the front office to the back office. StarPort OTC fully integrates price-discovery, order management, trading,
confirmations, clearing center routing and back-office processes, introducing efficiencies at every step. Engineered for
flexibility at price discovery and trading stages, communication at confirmation and clearing stages, and dependability in
reporting and invoicing stages, StarPort OTC's comprehensive workflow is underpinned by an instant messaging framework
designed to efficiently move information to clients and around your desk.
Order Management
»
Enter and modify orders via list-driven
tickets or a keystroke-driven command line.
»
Review orders on internal market pages
(white boards) showing order stack and depth.
»
Disseminate orders via integrated instant
messaging.
»
Transparent SEF-compliant central limit order
book.
»
Host structured or streaming RFQ sessions to
develop markets, discover prices and solicit interest.
Trade Execution
»
Hit/lift via click-trading or command line
keystrokes.
»
Execute multi-asset and multi-legged trades
via list-driven trade ticket.
»
Instantly alert clients to trade executions
through automated trade notifications.
Trade Enrichment
»
Review trades and track validation and
confirmation status in trade blotter.
»
Capture broker approvals for both sides of
trade.
»
Automatically calculate brokerage, multi-broker
commission splits and brokerage sharing.
»
Auditable trade amendments by brokers or
back-office personnel.
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.
Clearing
»
Straight-through processing to client clearing
accounts at electronically accessible clearing centers.
»
Real-time displays of clearing status and clearing
IDs for ease in tracking and communicating with your customers.
»
Capture clearing details and clearing account
information for manually cleared trades.
»
Cancel/amend trades sent to clearing centers and
maintain a history of changes (where supported).
Trade Confirmations
»
Send to customers in email, fax or printed
formats according to each customer's preferences.
»
Send confirmations to customer-specific distribution
lists.
»
Track and respond to customer trade approvals
and disputes.
»
Archive historical trade confirmations and
resend if necessary.
Customer Trade Management Portal
»
A 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 blotter for current and historical
trades complete with full search, sort, filter and export capabilities.
»
Customer trade approval/dispute tool with status
instantly updated on broker screens.
Brokerage
»
Automatically calculate brokerage commissions
on trade execution based on stored brokerage schedule.
»
Share commissions, split commissions, co-broker
trades, and manually override calculated commissions.
»
Apply discounts by traded volume, revenue volume
and tiered volume.
»
Enforce brokerage caps and floors.
Reporting
»
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.
Invoicing
»
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.
Terms of Use |
© Copyright 2012 CapitalStar Systems, Inc. All rights reserved.