Fixed Income
Trade Capture: Electronic entry, regardless of currency, with the option to enrich the trade with fees and commissions structured specifically for the fixed income market through ShadowSuite’s user configurable commission module. Government, when issued, agency, MBS, TBA, corporate, municipal, convertible, emerging market, floating rate, sovereign, high-yield and capitalized bonds all supported. Interest and yield calculations are available for any country.
Trade Reconciliation: Real-time trade reconciliations with FICC or MBSCC or BNYM or JPMC or SWIFT or custodial bank proprietary interfaces for global fixed income settlement or prime brokers and hedge fund administrators or correspondent clearing firms automatically based on user defined comparison thresholds. ShadowSuite’s Windows based trade reconciliation module allows exceptions to be addressed in real-time with simple point and click operations.
Securities Finance: Cover short sales or finance purchases using repo, reverse repo, tri-party repo, GCF repo, bonds borrowed/loaned or swap functionality. Electronically manage your cash and non-cash collateral. Manage the receipt and delivery of securities and fees in real-time using ShadowSuite’s AutoCage or outsource your securities finance using ShadowSuite’s LoanStar.
Clearance/Settlement: Completely automated real-time management of the receipt and delivery and fail of receipt and delivery of securities at FICC, MBSCC, BNYM, JPMC, SWIFT or your custodial bank using ShadowSuite’s AutoCage.
Treasury: Real-time management of currency balances by banking location with forward excess/deficit projections. Automated, secure wire system able to instruct both SWIFT-based and Fed Wires. User defined rules based approval process.
Client Management: Customer accounts capable of maintaining all data, multi-currency balances and activity. Account valuations consolidating all positions and currencies. Pay, collect, credit or debit interest on balances and produce physical and/or electronic confirms and statements. Affirm and confirm transactions, where required.
Accounting: Maintain a complete automated multi-currency general ledger with consolidation back to your firm’s reporting currency while maintaining individual currency trial balances for all proprietary and client trading activity.
Audit and Control: Update your risk, credit and regulatory groups as often as required utilizing ShadowSuite’s APIs, extracts and relational database. In addition, address the needs of your audit department with the full audit trail capabilities built into ShadowSuite.