TRM – Prime Broker

TRM-Prime Broker (TRM-PB) manages the entire post-trade, pre-booking process, enabling prime brokers to handle ever-increasing trading volumes through automation.

When coupled with Traiana’s Harmony On-Line Services and Client Integration Services, TRM-Prime Broker provides a complete straight-through-processing solution for managing the seven stages of prime brokerage.

Deal capture and enrichment
Allocations handling
Trade matching
Llimit Checking
Status Reporting
Billing
Booking of back-to-back trades

Industry Challenge

The explosion of alternative investment firms and their trading volumes, combined with the commoditization of markets, has made competition fierce between global investment banks. In order to reduce operational risk and create processing efficiency banks need a flexible real-time environment for managing the prime brokerage acceptance process, reporting any exceptions and reporting on where each deal stands in the acceptance process.

Functionality

Deal Capture – direct system-to-system integration with a flexible environment for receiving tickets from disparate sources
Matching – allows for client profile matching based on the quality of data sources
Limit Checking – tri-party limit monitoring checks all aspects of the give-up agreement to ensure compliance prior to acceptance
Allocations Processing – Allows for allocation by rules or strategy and default allocation schemes to occur at any time.
Status Reporting – real-time status reporting via reports, email and electronic notification
Billing – the rules-based billing service allows for on-trade or invoice based billing and discounting schemes
Back-to-back booking – all trades can decomposed to be processed by existing middle and back office systems
Exceptions Management – sophisticated exceptions management layer notifies of both event driven and time-based exceptions

Benefits

Flexible – flexible solution allows prime brokers to offer a menu of servicing options to their clients
Control – automated checking of trading restrictions as well as stop points for manual review pre-acceptance or pre-booking
Low barriers to integration – Traiana reduces system-to-system communication to the lowest common denominator allowing for disparate systems to integrate quickly into the prime brokerage servicing platform.
Client satisfaction – clients get timely exception notification and have complete visibility into handling of their trades.