Syndicate Funds have experienced bottlenecks in the management of securities and money transfers, as no appropriate centralized Back-Office and Portfolio management system has existed. As such, there has never been a way to automatically interrelate downloaded transaction confirmations coming from disparate Cash and Prime Brokerage accounts, making timely fund-wide inter-account reporting impossible. Unable to keep track in an efficient manner, back-office costs were high, while fund efficiency and profitability suffered. Historically, Syndicate Funds have coped by employing personnel to assist in these matters, painstakingly reconciling voluminous inter-account transactions. Without incurring that expense, timely reporting would be impossible, and unauthorized trades, fees, and botched transfers and deliveries would go unnoticed until it was too late to reverse them.
AccounTrex™, a cloud based SaaS Back-Office, Portfolio and Subscription Management solution developed together with Syndicate Traders, addresses the issues mentioned above, resulting in highly efficient operations, lower costs and increased profits. Centralized portfolio management is enabled through automatic download of balance and transaction data from all Cash and Prime Broker accounts in a Fund's ecosystem. AccounTrex™ interrelates multiple Prime, DVP and Cash account activity via patent-pending automatic transaction matching algorithms. In doing so, inter-account cash transfers and security deliveries can be easily managed and tracked, giving Syndicate Trading funds the automated back-office management solution that they have needed for so long. Now, accounts can be automatically reconciled, and reports can be generated on the fly, showing P&L, Broker & Underwriter Performance, and more. Deals can now be subscribed for in an efficient manner as well, thanks to a smart Allocation Blotter and DealGrid.
Centralized Portfolio Management
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