Management Solutions For Brokers
As a broker you need to make sure that your clients’ trading activities are constantly being monitored and managed concisely. That’s where financial software solutions come in.
There are three essential types of financial software solutions that every broker should be implementing — a credit/risk management system, a collateral management process system and cost basis reporting tool. Davidsohn Global Technologies offers some of the most advanced intuitive tools that are available to brokers worldwide.
Here is a short list of essential solutions that Davidsohn Global Technologies provides to its customers:
- Utopia Credit and Risk System. With this solution, brokers can ensure that a client’s exposure to risk and credit is well-protected when involved in day trading. The client’s day trading margin requirement can always be calculated accurately to protect his or her trades. Features include an extensive optimized calculation library, customer portfolio margin and real-time credit/risk management. Full security and audit trail is offered.
- POWERPLEDGE Collateral Management System. This system will ensure real-time access to a client’s trading information online. Securities pledging can be managed accurately and loans provided by financial institutions can be collateralized. Best of all, the system can be integrated with the Depository Trust Company (DTC) Participant Terminal System for managing both DTCC and AP pledges.
- Cost Basis Reporting. There are new strict requirements that need to be followed by brokers to comply with legislation under the Emergency Economic Stabilization Act of 2008. This mainly affects how a client’s securities transactions are reported. The ATTLAS cost basis reporting solution and validation solution will streamline these reporting processes to make your work easier and more importantly, appease the IRS.
Make sure your client is covered – ensure that minimal to no risk is at play in your client’s trading activities.
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