Institutional Broker Dealer Middle Office
A U.S. based broker dealer utilizes the ITP Middle Office platform to manage post trade processing of international trades. With ITP Middle Office, the broker manages the allocation/confirmation process with its institutional clients using OMGEO OASYS Global, SWIFT, FIX, and the ITP web based interface. As trades are enriched and processed, ITP Middle Office instructs the appropriate agent based on settlement market. ITP also maintains settlement status from each agent and gives the broker dealer’s operations team real-time visibility into any trading problems. ITP Middle Office is also used for capturing street side broker confirmations and matching them against trades done in the order management system. By utilizing ITP Middle Office, the broker was able to aggressively expand its business into the European and Asian markets without the significant investment in technology infrastructure typically required to support the complexities of these markets.
Global Custody Middle Office
ITP Middle Office is used to enable a large global custodian to offer an integrated execution, clearing, and settlement service to its clients. The service includes a bank-branded web-based OMS, FIX connectivity to a network of broker dealers with worldwide execution capabilities, integrated middle office services, and automated settlement instruction generation and messaging. The platform also captures the most up-to-date settlement status—enabling the client to monitor the trade settlement process and identify problem trades. This service allows the bank to move up the value chain by offering its clients a seamless front-to-back cross border, cross asset-class trading service.
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