For Asset ManagersCastine Virtual
Castine Virtual
CSA Aggregation Without Custodial Risk
For asset managers
Manage CSA balances across all your brokers in one place, without handing your proprietary data to a single aggregation broker.
A manager with several CSA brokers can log into each broker's portal in turn, or hand the whole CSA business to one aggregation broker and give it every trade and payment in the process. Castine Virtual is the third way: balances stay with the execution brokers, and Castine aggregates the view.
Trades reconcile against each broker, so the balances a manager sees are its own reconciled figures rather than the broker's statement. Payment requests go to each broker separately, and a broker sees only the trades and requests the manager chooses to share with it.
What it does
- One view of every balance
- Trades, commissions and research balances across all CSA relationships, reconciled and unreconciled amounts both visible, with every pending payment request beside them.
- The full CSA workflow
- Commission unbundling, trade reconciliation, research budgeting, payment approvals and rate-card management, across asset classes, order management systems, venues, trade types and currencies.
- No custodial aggregator
- Your trading and payment information is not consolidated with a single broker; each broker holds its own pool.
- Reconciliation
- A multi-pass, multi-mapping engine with tunable tolerances, with adjustments reported at T+1.
- Payment history and approvals
- Every payment's status and full history, with multi-step approval where a firm wants it.
- Reports in seconds
- Commission reports by broker, team, research period or asset class, built with the Reporter tool.
- A broker portal too
- Each broker sees its own balances and its clients' payment requests in one dashboard, submits trade files by secure FTP or API, and pays no per-share fee.
- 50+
- brokers served worldwide
- ~500
- investment managers served worldwide