Product: BATS

Description:
If your firm runs large managed account operations, this system is an absolute must. BATS was designed exclusively for distributing block allocations to individual users’ accounts. It interfaces directly with DBTJ and DNS in order to unexecute, reallocate and rebook block trades in a fraction of the amount of time it would take to accomplish the same task manually, all the while compensating for average pricing and commission schedules. All that’s required from the user is the block account, the individual accounts, and the share allocations for each of those accounts.

The main BATS application was designed for a massive managed account operation that submits their allocation summaries from all over the country via email directly to the BATS server, which automatically opens, reads, and executes the precise allocation instructions. It currently receives hundreds of block allocation requests, resulting in thousands of individual re-allocations that simply could not be accomplished in time with the manpower available; BATS does it all by itself in three hours or less.

BATS Lite was designed for smaller managed account operations in which the account manager uses the application GUI to input the block allocation parameters directly instead of submitting allocation instructions via email.

Operation:
The primary BATS application is completely server-based, but BATS Lite requires a client-server configuration.

Product: Basket Trading

Description:
Your firm may run a fund managing operation or maintain a business system that requires multiple successive order entries through an ADP back-end system such as DNS, AOM, or PET. If this is the case, our basket trading system can help you to streamline the order entry process by integrating your business operation directly with the ADP back-end. For example, proprietary analytical computations can first be executed in Microsoft Excel, and then the resulting orders can be delivered to the back-end order-routing system directly from that spreadsheet.

Operation:
This is a workstation-based application.

Product: AMFOP

Description:
This software can vastly improve your firm's order processing capacity of mutual fund orders. AMFOP efficiently and accurately supports processing high volumes of mutual fund orders by interfacing directly with ADP’s MFRS system, eliminating the need for manual order entry. Entire baskets of orders generated from your firm’s web site or Excel spreadsheets can be pumped through the system with ease. Any rejected orders are easily resolved through the AMFOP GUI—and no data will have to be re-entered by the rep.

Operation:
The client software operates on one or more workstations, but also requires server back-end.

Product: CommAdjust

Description:
If your firm still manually adjusts commissions for a large number of accounts, this software can save you dozens of man-hours and prevent costly errors. CommAdjust allows you to store varying commission profiles for equities and options by branch or rep number. Then, automatically on every business day, the Commission Adjuster runs after the market close to adjust commissions based on the profiles you specified.

Operation:
For larger retail institutions, heavy-volume days typically result in run-times of less than one hour. This is workstation-based software where user intervention is required only to maintain the commission profiles.

Product: AutoBond

Description:
AutoBond software expedites the process of posting trade tickets into ADP's NEWB system. It supports various NEWB formats; these include MA1, PS1, CROSS, and PSNSCC, but can easily be reconfigured to work with other formats as well. Rather than typing tickets into the NEWB interface directly, they can be entered into the AutoBond GUI--which mimics the NEWB interface and includes built-in user defaults and edits--or they can be entered in batches via a spreadsheet. The GUI supports item modification and historical logging.

BTOP was built around the AutoBond engine to support bond trading operations, which requires bond ticket entry in three separate NEWB formats. From this application, users are able to simultaneously enter both the customer and house sides of a trade with a minimum of keystrokes. Using user-specified business rules as a guide, BTOP automatically cross-references the specific bond with ADP’s MSD system, which in turn tells BTOP which blotter code, account number, and settlement date values to use for that particular bond type. All bond ticket entries are logged into a database for compliance and historical purposes—customizable reports are often generated from this data. The software also supports block trading, which allows the user to track house inventory versus customer tickets.

Operation:
AutoBond, depending on your needs, can be completely workstation-based or client-server, which is the current configuration with BTOP.