As part of its commitment to deliver excellence in pre-trade, point of trade and post trade execution in listed derivatives across global markets, Macquarie was determined to implement the most advanced reconciliation technology, and to make the service available to clients in real-time through Amazons secure cloud.
When logging on to the Macquarie portal clients will be able to use CTC to reconcile all open future positions and cash flows in real-time and to proactively manage any risks associated with their portfolio. They will also benefit from immediate alerts if a trade fails to complete or an error is detected. Automating the reconciliation process in this way will allow Macquarie and its clients to benefit from real-time business-driven controls, more effective risk management and significant operational efficiencies.
Using CTC Macquarie will be able to offer its clients a rapid and smooth on-boarding process for new reconciliations, a functionally rich and intuitive user interface that allows enhanced research capabilities, improved financial certainty and increased efficiency.
Historically clients have relied on spreadsheets to keep track of open futures positions and have performed manual reconciliations with their broker to ensure everything tallies at the end of the day. Only discovering discrepancies or trade failures at the end of the day is a risky strategy and can leave a firm open to significant unplanned exposure in their portfolio, said
Automated reconciliations is the first in a series of innovative added value services Macquarie plans to offer as it continues to expand its futures and listed derivatives business in
Macquarie Futures is a specialist institutional futures broker with operations in
For further information visit: www.macquarie.com About Clareti Transaction Control Greshams Clareti Transaction Control solution (CTC) enables customers to quickly and accurately identify and resolve operational risks, reduce financial transaction loss events, optimize business performance, and comply with regulatory requirements. Greshams approach allows real-time, business driven controls to be put in place as soon as a new financial product is created. This means any errors can be identified and rectified from the start (T+0), preventing potential discrepancies or loss events. Unless controls are put in place at the beginning, errors will often only come to light much later in the transaction lifecycle, for example, after the trade has been completed and an error is identified during the nostro reconciliation process.
Based on the latest technology, Greshams solution offers maximum flexibility and adaptability to respond to changing needs. This is in complete contrast to legacy hard-coded systems that are cumbersome, costly and time consuming to change.
Further information can be found at www.gresham-computing.com or follow us on
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