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Product: CheckFill

Description:
SEC Rule 11Ac1-5 for Market Centers and Rule 11Ac1-6 for Broker-Dealers has focused a tremendous amount of attention on quality of executions. Meeting the monthly and quarterly reporting requirements is only a part of these new SEC rules; in addition, firms must demonstrate that they have established adequate procedures for monitoring this critical area, and be able to disclose to customers, on request, pertinent information about their trades. CheckFill was developed to give customers the tools they need for these important issues and more.

CheckFill is a system that captures, stores, analyzes, and processes execution price data for all listed stocks (or OTC and listed, or correct descriptive phrase) in real time. Clients select from a range of services:

Monthly and/or Quarterly summary reports

Daily exception reports

Real time reporting on each trade continuously throughout the day with built in alarms based on customer-defined thresholds

Custom solutions

CheckFill is configurable to incorporate specific nuances of your business. Our daily exception report cross references your executions to detailed �time and sales� data from all competitive market makers at the time the trade was routed and executed, as well as tracks various benchmarks during customer-selected intervals. Exceptions are categorized (i.e. high, medium, low, based on exception limits set by your firm) and reports can be formatted to meet your requirements.

With CheckFill, you can:

Supply required reports to regulators and fulfill other requirements of Rules 11Ac1-5 & 6.

Properly manage your quality of executions daily and intra-day to ensure positive results on the monthly and quarterly summary reports.

Capture all the information you need to effectively negotiate with execution points on bad fills.

Create a real-time routing engine to determine the best market center to route an order to.

Improve your process for responding to customer inquiries.

Operation:
CheckFill runs on a dedicated set of servers. Checkfill is run by ATS.

Product: PETPrintCap

Description:
This software electronically captures and logs all of the trade activity generated from your firm�s assigned PET region 24 hours a day, 7 days a week. The data tables are updated as the activity is captured, so any intraday reports or queries generated against the Petprintcap tables reflect a true real-time picture of your firm�s trading activity.

Operation:
This is server-based software designed to act primarily as a data source for any exiting in-house or proprietary reporting applications that your firm is currently operating or planning to implement.

Product: Branch Runner

Description:
This software generates and distributes the activity runs for all your branches via email or FTP on a daily basis, eliminating the need for printing out activity runs that can be thousands of pages long. The activity for each of the branches is formatted to a report that fits 12 trades per page and is accompanied with a GUI that allows your branch managers to browse through the activity before printing it. These files - sent as attachments through email or via FTP - can easily be archived for compliance purposes.

Operation:
This is workstation-based software but is generally operated from a central location by a single user who is responsible for ensuring that the branch managers receive their activity runs.

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