Clearing Members & Prime Brokers

An integrated solution with modules covering the key functional, business and regulatory requirements of establishing and managing a brokerage firm as a Clearing Member on an exchange; or alternately as a Prime Broker. Complete EMS, OMS, Middle Office, Trading Interfaces, Client On-boarding and KYC, Clearing & Settlement and Custody management with a certified FIX bridge to the Exchange and available to external clients for DMA/FIX connectivity.

The ZagTrader Clearing Member solution captures the entire workflow, delivering functionality and connectivity designed to increase revenue, optimize efficiency, improve the Client experience and manage risk.

Supported Instruments

Equities Long / Short
Futures Contracts Long / Short
Leveraged Forex Long / Short
CFDs Long / Short
Derivatives Long / Short
ETFs Long / Short
Bonds and Sukuks
Options (Calls, Puts, Naked Calls/Puts)
Funds

Improve Workflow

Order flow capture and execution management with trading and sales workflows
Algorithmic trading, event or rules based trading conditions
Multi-Custodian and Multi-Destination capabilities with Sub-Custody, Omnibus and other complex account structures supported
Client and Trading interfaces that enable a completely digital experience from account opening to trading across Desktop, Web and native Tablet/Mobile applications
Automated pre-trade Risk, reporting and liquidity alerts

Manage Risk & Compliance

Real-time trade capture and reporting
Real-time alerts on trade rejections, settlement limits, Client limits and thresholds
Audit trail and regulatory compliant reporting at a User and Trade level
Settlement & Clearing fails management, matching alerts and regulatory capital management

Direct & FIX Market Access

Direct FIX connectivity to destinations and Clearing Members
In and out-bound connectivity to global routing networks (Bloomberg, Reuters, NYFIX)
Provide institutional DMA with high/low touch trading workflows and automated routing rules
Provide Clients with a rich interface for trading with high throughput and low latency

Trading

Pre-trade and Post-trade allocation capabilities, full support to manage a single order across multiple accounts in markets that force Pre-trade allocation
Dealer interface developed to improve efficiency while providing capabilities for customizing all aspects of the layout, view, data and individual Dealer workflow
Order authorization management for escalating order approvals internally across a Firm
Internal ‘Chat’ tool allowing Dealers across multiple offices to remain in contact easily when managing order flow

Research & Data

News feed from external data vendors or ZT Data & Price Feeds
Data Feed handler to process and distribute the feeds
Charting, Analytics and Back-testing built into the solution
Ability to provide Fundamental and company data within the solution

Flexibility and Scalability

Open architecture: allows the traders to implement their own unique strategies
Providing white label solutions to other financial institutions
Seamless integration with any external or legacy systems if needed
The ability to run more than 100,000 symbols simultaneously

Backoffice

Modules covering Clearing, Settlement and Custodian management
Ability to handle trading Settlement on a DVP/RVP basis with multiple external Custodians and Sub-Custodians
Automated workflow for preparing and processing Settlement instructions, transfers and confirmations
Corporate Action management and reporting
Client Reporting in customized CSV, Text, PDF reports or via direct Client Access updated in real-time
Distributed Backoffice support with defined User rights and ability to manage workflow across multiple physical locations in real-time