Investment Advisor Services

Our softwares are implemented in many brokerage and clearing and offer competitive solutions for Investment Advisors. Many of these brokerage firms offer per share or per ticket pricing: Pricing is based upon:

· Level of activity
· Average size of individual trades
· Percentage of listed versus over-the-counter business
· Soft Dollars

Our software platforms clear through 9 of the largest clearing firms in the USA. Many of our platform have specialized controls for Investment Advisors. These including basket trading, api, black box, bullets, options, as well as customized interfaces and services that can be specialized and developed for your trading activity.

Overview of Investment Advisor Services:

Direct order platforms to NYSE, AMEX, regional exchanges, ISLD, ARCA/ARCX, INST, BTRD, and SuperSOES.
Monitor in real-time profit & loss of open positions, status of open orders. Level 2, quote monitor, news, charts from a variety of data providers.
Trade from 8:00AM until 5:30PM.
Highly configurable user interface - single or multiple windows, tabs within windows, control placement of views within tabs and windows.
Web-based reporting - see intra day and historical trade reports.

Order types supported:

Market, limit, stop, stop market, trailing stop, one cancels other
discretion, pegging, reserve, cancel, cancel/replace, timed orders
Multiple account trading
User-definable portfolios - allows user to partition his holdings and track each group separately.
System is professionally hosted at Savvis Communications. Clients connect via Internet or dedicated lines.

Smart Order Routing:

Proprietary smart order router finds hidden liquidity and achieves best execution.

Basket Trading:

Basket orders place a list of orders simultaneously.
Baskets can be imported from Excel.
Baskets can be created from existing holdings.
Basket algebra to manipulate the basket size by dollars, by multiples.
Conveinent user interface controls allows setting order parameters for all basket entires with one action.
Live pricing - set the limit prices to track the market, bid, ask, last with an optional offset.
Live basket orders display an aggregate status, drill down to see individual order status.
Can reprice all orders in a basket to the market, bid, ask, or last price.
Can cancel all orders within a basket with one click.
Can cancel/replace and cancel individual orders within the basket.

Order Blotter:

Import orders from portfolio management system or Excel
Maintains live status of total executions against the order including average price and shares remaining.
Orders can be sent individually or in groups. Orders can be manipulated individually or in groups.
Drill down to see all the orders set into the market for a given order blotter entry.
Timed orders - can send 10% or specific quantity at timed intervals.
Live pricing - set the limit prices to track the market, bid, ask, last with an optional offset.
Superb user interface layout allows the trader to monitor & submit orders with minimal screen real estate.


Trade Monitoring & Risk Management:

Broker dealer staff can monitor all trades in all accounts in realtime.
Broder dealer configurable limits such as required equity percentages prior to trading.
RegT or retail day trading buying power maintained for each account
DVP and Average Price Trading supported
Administration function to disable trading, set to close only, or cash trades only.


Services & Support for the Broker:

Account and firm wide daily and monthly reporting:
Orders with complete execution details.
Buy/sell history.
Open positions on a given day.
Voulme routed to each destination.
Commission.
Custom reports available.
End of day activity report - emailed.
Web-based administration to create accounts and users, control user access to accounts (both traders and BD staff - via reg rep number if desired), manage risk and commissioning.
Flexible commissioning structures - per shares, per order, recover execution and clearng fees - configurable on an account by account basis.

Clearing firm integration:

Trades communicated to your clearing firm at end of each day
Account balances, positions, buying powers retrieved from clearing firm start of each day
Shortable stock lists
Integrate new clearing firms on an as needed basis.
OATS Reporting - either reported to NASDR on behalf of the BD or sent to the BD for their own reporting.
Private labeling and custom development available.