An entry-level Order, E-Trading, P&L and Position Management System (OMS/PMS), that can be branded by prime brokers, administrators, outsourced trading desks, etc and distributed to their clients as a value-added service
Spark Feature Comparison
- Real-Time positions, prices and analytics.
- Calculated market values, exposures, and other derived values (based on market prices).
- Reconciled quantities vs. prime brokers, administrators or custodians.
- Interactive pivoting/subtotaling at summary, detail and lot level holdings.
- Gross and net adjusted weights.
- Build and save custom views in minutes.
- View onscreen, web & PDFs.
- Orders quickly generated by target quantity or target weight.
- Basic pre-trade compliance.
- Oversell checks.
- Multiple allocation methodologies.
- Performance contribution analysis by any standard “cut” of the portfolio (security type, country, industry, etc.), or by any method of internal tracking (strategy, sub- strategy, analyst, trade idea, etc.).
- Decomposition of returns by realized, unrealized, security, FX and dividends.
- Full portfolio history maintenance for historical analysis or comparisons.
Trading & Order Management
- FIX based electronic trading with over a thousand Brokers, DMAs, ECNs, ATSs and STP networks.
- No per-transaction or cross-connect fees.
- Connection to all Execution Management Systems (EMS).
- Electronic trade files to custodians, prime brokers, ISDA counterparties, administrators and banks.
- Flexible and powerful allocations to quickly allocate trades across accounts.
- Basic Pre-trade compliance.
- Commission tracking.
- Automated reconciliation break reports.
- Data integrity reports.
- Automated reconciliations seamless electronic interfaces to custodians, prime brokers, ISDA counterparties, administrators and banks.
- Listed equities.
- Listed and OTC equity options.
- CFDs/equity swaps/P-Notes.
- Spot FX.
- FX Forwards.
- Security master provided for most global listed securities (no more security setup!).
- Data and automation for corporate actions processing.
- Automated exercises, assignment and expirations.
- Equities, options, futures, Fixed Income, FX, swaps, structured.
- End of Day electronic trade files to custodians, prime brokers, ISDA counterparties, administrators and banks.
- Primary and disaster recovery hosted in our five certified global data centers.
- World class disaster recovery and business continuity protocols.
- Top Tier cyber security protection.
- Real-Time market data feed handlers for:
- Automated file exchange already running and certified for:
- Most prime brokers.
- Most administrators.
- Most custodians.
Defines a new category in FinTech. A real-time platform that allows large, multi-entity firms like Brokers, Banks and Managers to monitor exposures, P&L, risk, margin, analytics, netting, etc. across the entire enterprise