The Brokerage subsystem is rules-driven and enables the brokerage firm to setup a variety of schemes driven by parameters such as trade value, trade segment, volume and turnover of the client. Special clients can avail of special discounts and over-rides on the regular brokerage schemes, normally associated to an investor category.
As for trade processing in its entirety, the system handles Client Code modifications that arise due to trade modifications and cancellations. The obligations in such cases are fully reworked, and accounting performed as required.
The effects of the trade on the Cash Pool and the Stock Pool of the institution is tracked, thereby giving the management sufficient lead-times in making resources available for settlement processing.
GO TX performs all the processing required for the settlement of trades for the institution. Unlike traditional back-offices, GO TX’s Back Office, operates online, posting ledger entries as and when events are processed in the Front and Middle Office subsystems. This will provide the enterprise with a real-time view of the business at all times. The salient functions of GO TX’s Back Office include
Trade Processing and Tracking
Once the trade is captured in the back-office system, several tasks are performed to determine the firms obligations to the exchange and to the investors. These obligation determination include the computation of ,
