       
|
|
|
|
 |
|
|
|
|
 |
|
Product: AutoSplit
Description:
This software makes adjusting the open orders in your book a breeze in the event of a stock split. Simply type in the parameters of the split: The symbol, the ratio of the split, the exchange that the stock trades on, and whether or not you want to CLUP cancel the old orders--Autosplit then interfaces directly with DNS and takes care of the rest. This application also supports option splits, symbol replacements, and trading cessations. You can print a report detailing all of the orders before and after the split. The split rules are modeled based on the rules dictated by all the exchanges, but can be tailored to meet your own firm’s special criteria.
Operation:
This software runs on a workstation.
|
|
|
 |
|
|
|
 |
|
|
|
|
|
|
|
|
|
|
|
|
Product: AutoDiv
Description:
Retail institutions often offer vast dividend reinvestment plans to their customers that require a considerable amount of manpower to process behind the scenes, and as such can lead to costly errors and customer dissatisfaction. This software talks to BPSA and retrieves the accounts holding positions that are eligible to receive a dividend, pools the proceeds and places an order via DNS to purchase an equivalent number of shares based on the closing price of the security. The entire process—start to finish—takes about five minutes, is run by a single user, and covers every security paying dividends for that particular day.
Operation:
This software is typically run on a single workstation for the dividends group.
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Product: DailyFracs
Description:
This software liquidates the fractional shares left over in customer’s accounts following rollovers, dividend reinvestment, or any other applicable selling activity within a customer’s account that would leave fractional shares outstanding. On a daily basis, the software takes a list of accounts that has fractional shares and generates a bookkeeping file that effectively credits the customer’s account with the dollar equivalent of the fractional shares (based on the previous day’s closing price) and debits a house account for the same amount. It can also be automatically reconfigured to enter bookkeeping entries via NEWB. This process takes approximately five minutes for the larger retail firms (as opposed to hours if done manually), and has proven to be a real “crowd pleaser” for retail customers.
Operation:
This is generally a server-based application, but can easily be run on a workstation as well.
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Product: ACATS
Description:
Spending too much time managing customer open orders for outgoing ACATS and 90-day restriction situations? Our Open Order Purge system can automatically cancel all open orders from ADP back-ends. For example, for outgoing ACATS accounts, the system can automatically clean out any open GTC orders on Day 2 of the transfers. For accounts placed on a 90-day restriction, the system can cancel all open GTC BUY orders.
Operation:
This workstation-based software requires a source of accounts from which to begin the open order purge process from. Multiple input sources are supported. These include ADP TRAC reports, Microsoft Excel spreadsheets and proprietary formats
|
|
|
|
|
|
|
|
|
|
