For Brokers/RPsOutsourced Trading
Outsourced Trading
For brokers
Client, agreement, and counterparty tracking for outsourced trading desks, a category that is growing fast.
Outsourced trading is growing on the broker side because asset managers are looking for ways to manage cost. Running the program is the hard part: each client has an agreement, a budget, instructions on how activity is divided among their brokers, and a statement due at period end. The Commander Outsourced Trading module keeps all of that in one portal instead of a spreadsheet.
Trades load daily. The unbundling engine splits gross commission into execution, CSA and pay-away amounts trade by trade, so traders and clients see progress against budgets as it happens rather than at the month-end reconciliation.
What it does
- Agreements in one place
- Every client agreement, instruction and supporting document, centralized.
- Budgets by client and broker
- Monthly, quarterly, semi-annual, annual or custom periods, with original and revised budgets and the currency tracked, in commission dollars and in shares to trade.
- Trade-by-trade unbundling
- Rules that separate gross commission into the execution keep, CSA and pay-away amounts on each trade.
- Trader portal
- Budgets and daily progress against them, with trade search to answer a client's question from the trade level.
- Client portal
- Budget progress, trade activity by broker, and every statement the moment it is finalized, alongside all past statements.
- Invoices from the system
- Client invoices generated directly, with aging receivables tracked.
- Multi-currency, multi-asset, multi-venue
- Any number of clients processed at once.
- Reporting without programmers
- The Reporter module's drag-and-drop reports, created, generated and scheduled by the team that needs them.