Money market underwriters use afs:TRADE to advertise offerings (internally,
on Bloomberg, and on the Web), correspond with issuers, and match buy and sell
orders with a minimum of effort.
- Basic information about transactors, internal trading accounts,
customers, and CUSIPs.
- Offerings. Create/edit offerings from your issuing
customers or from your company. Offerings may include a range of maturity
dates and be linked. Sell to your investing customers and then closeout
the offering to automatically generate the minimum number of buy tickets to
cover what you have sold.
- Real-time information tracking. Keep track of maturity schedules
so you know when your customers positions can be rolled into new
paper. Scan existing customer positions and past trades to see
what customers are interested in. Keep track of issuer limits
in real time.
- Real-time inventory control. Positions and offerings can be searched and sorted
by a wide variety of characteristics. In addition, you can set up your customers'
purchasing and compliance profiles, then use a single-field data entry
procedure to see what you own that they are qualified to buy!
- One-touch ticket creation. Once a customer is ready to buy, just
pick the position or offering, click Sell, and fill in the quantity and customer
name. The afs:TRADE system does all the rest of the work for you! (Of
course, if you need to override other fields, that option is available.)
Depending on how you delegate authority in your firm, salesmen and/or
traders may participate in this process. If your business is more complex,
with multiple lots and sub-accounts, afs:TRADE can handle that, too.
- Real-time ticket blotters. Tickets begin in the front office, but
they don't stay there. Many people throughout your firm are probably
responsible for various phases of the order process. Fortunately, the
afs:TRADE system can cover all of them. A sophisticated event monitoring
system keeps everyone in the know when an order has reached a stage that
requires their participation. In addition, all personnel can look up old
orders by date, trading account, counter-party, and/or CUSIP number. No more
hunting through the file cabinets!
- Back office reporting. We haven't forgotten about your accountants.
If your firm is self-clearing, the afs:TRADE system can keep track of
clearances and fails, using them to report your box position. All positions
and cash balances are maintained on both trade date and settlement date
basis, so you always know exactly where you stand.
- Interfaces, interfaces, interfaces. Nobody wants to reenter
information, so the afs:TRADE system provides all kinds of straight-through
processing options. On the input side, it can grab basic CUSIP descriptions
on demand from the renowned KIS database. Once the trade is written, it can
send the details to systems like NSCC, DTC, and and MSRB. Our programmers can even write a
custom interface to your existing back office system to ensure a smooth flow
of information about new customers, CUSIPs, tickets, and positions. We'll
even import your existing records to get you up and running quickly.