Lowering brokerage risk, easing compliance and improving client servicing

SynBroker facilitates the business of brokerage firms by:
Enhancing efficiency and simplifying management of the business
Reducing brokerage risk and easing compliance
Providing execution certainty, fairness and high levels of STP
Embedding digital certification and improving information flow

Coexis usually delivers SynBroker via partners offering a Software as a Service (SaaS) or Application Service Provider (ASP) pay per transaction delivery model as a country-wide or regional facility.
However, SynBroker is suitable for retail brokers requiring the rich functionality in-house.

Product Types

Fixed income
Equities
Mutual funds
Money markets
Currencies

Participants

Brokers
Including multi-branch support
Custodians
Clearing and central banks
Exchanges
Clearing houses
CSDs

On-line trading

Browser-based client portal (adapted for each broker)
Highly secure (including use of digital authentication and certificates)
Order capture and tracking
Trade history
Cash and position management
Market information

Order management

Multi-exchange order management
Correction and cancellation request of open orders
Types
Market order
Limit order
Iceberg
Order send order
Order cancel order
Duration
Day
Fill or kill
Good till cancel
Good till date
Same day trading
Validation of limit-order price against latest market bid/offer price
Short-selling
Creation of borrow against pool
Automatic cash blocking
Market execution management
Route order to an Exchange or executing broker for execution (via FIX 4.2)
Receive return market executions
Match market execution to client order creating partial or complete fill
Order tracking
Track open orders
Full order history

Trade management

Rule-based enrichments defined by users
Complex multi-field validations (in user-defined rules)
Date calculations (including use of both solar and lunar calendars)
Value calculations (e.g. accrued interest, fees and charges, net consideration)
SSI calculations using best-match algorithms
Configured parameters including product types, market, currencies, transaction types, legal entity, and counterparty etc.
Exception-driven throughout

Confirmations

Client confirmation generation (typically after trade confirmed at CSD)
Confirms issued to multiple:
Interested parties associated with the client (e.g. financial manager)
Addresses
Languages (including double-byte character sets)
User-defined templates

Cash management

Cash deposits and withdrawals
Cheque
Bank transfer
Cash
Multi-currency cash balances
Cash accounts and sub-accounts
Cleared
Blocked
Cash available
In transit
In safe
Automatic transfer of cash based upon securities trading
Client money calculations

Client billing

Commission calculations
Periodic client invoicing
Payment tracking

Settlement instructions and matching

For CSDs and custodians that require instruction, SynBroker generates these instructions real-time on the each trade
These instructions can be generated in various formats including -
ISO 15022 (usually via S.W.I.F.T.)
XML
Various file formats

SynBroker handles both against payment (DVP) and free of payment (FOP) instructions for securities and cash
It also handles transfer Instructions for securities and cash
SynBroker receives a confirmation from the CSD, usually on trade date, of acceptance.
Where appropriate SynBroker also receives back matching and pre-settlement status
For markets where no instruction is necessary (where the trades are reported to the CSD by the Exchange or clearing house), SynBroker receives a periodic feed of settlements from the CSD which are used to reconcile against settling trades otherwise the settlement is received against the outgoing instruction
Fail trade management
Borrowing including margin management

Ledger Postings

Full multi-ledger accounts posting from
Order entry (for buys)
Order cancellation
Order expiry
Transaction capture
Transaction confirmation by CSD
Transaction settlement at CSD
Cash settlement with investor by broker
Cash deposit and withdrawal
Cash withdrawal
Broker account transfer
Real-time or batch generation
Balanced debit/credit journals
Flexible chart of accounts
Multiple parallel ledgers each with differing base currencies and calendars
Flexible period open/close for back-dated adjustments and reworks
File download to corporate general ledger